From shutting down unprofitable branches to refocusing its efforts on consumer loans, Texans Credit Union is hoping some of those moves will help bring it out of conservatorship.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
NCUA-conserved Arrowhead Credit Union has posted its first quarerly profit in a year.
The NCUA-conserved Arrowhead Central Credit Union. said this week its interim CEO, Kay Woods, who has been credited with protecting the $671 million CU following its June collapse, is stepping down.
Arrowhead Central Credit Union, an NCUA conservatorship that has been shrinking for months, is now closing eight of its California branches by year end.
As further evidence of its asset scaledown, the $720 million Arrowhead Central Credit Union, under NCUA conservatorship since last June, announced Tuesday it is closing eight California branches by yearend.