Crippling budget cuts have left Arizona with just two credit union examiners to handle 22 state-chartered CUs.
The troubled Silver State Schools Credit Union, Nevada's largest, is having to do more belt-tightening and announced the closure of five more branches coming in June as it operates under a consent order with state regulators.
The troubled Silver State Schools Credit Union of Las Vegas, the state's largest, has received a financial bailout-said to be $22 million-from American Share Insurance, the Ohio private insurer.
Negotiations were reportedly continuing in secret last week between the Nevada Financial Institutions Division, American Share Insurance Corp. and the troubled $883 million Silver State Credit Union.
The troubled Silver State Schools Credit Union of Las Vegas, operating once again with a reinstated president/CEO and mounting a campaign to restore public confidence,