Clark County CU continuing to see profitable quarterly reports with a second quarter posting of more than $2.3 million in net income.
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.
A defaulted $1.5 million loan apparently made to non-members is firing up bankers' tax exemption talk.
The ailing $791 Silver State Schools Family CU of Las Vegas is negotiating with its private insurer, American Share Insurance Inc. of Ohio for a five-year extension of a $22 million capital infusion loan made in February.
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.