American Share Insurance cites lower yields on bonds, weaknesses in some of its markets for rate hike.
If more credit unions leave the NCUSIF, can the NCUA take steps to minimize the impact on those that remain?
The David Rhamy saga at the long-ailing Silver State Schools Credit Union in Nevada ends next Monday with the CEO’s retirement and succession by the former CEO of Patelco Credit Union, Andrew Hunter.
American Share Insurance president says former Patelco CEO Andy Hunter was hired by troubled Las Vegas CU "for the long term."
The delay in reporting year-end results was far longer than expected, but the privately insured $718 million Silver State Schools Credit Union of Las Vegas managed to trim its year-ago losses by better than half to $21.4 million, though the CU still remained in a class as one of the...
Perhaps now the last credit union in the nation to file its year-end call reports, the long ailing Silver State Schools Credit Union of Las Vegas reported late Wednesday an improvement in its financial condition.
The head of American Share Insurance voiced confidence that Nevada's largest and long-troubled credit union, the $791 million Silver State Schools, can start showing a profit soon even though it missed the 2010 target.
The ailing $791 million Silver State Schools Family CU of Las Vegas is making slow but steady progress toward recovery even as it seeks to negotiate a five-year extension of a $22
American Share Insurance announced a 15 basis point special premium assessment on the credit unions that use the private firm to insure their deposits. The firm said it insures member deposits up to $250,000 at 150 state-chartered credit unions.
Credit unions that insure their deposits with American Share Insurance will face a premium increase this fall, the private share insurer has announced.