private insurer

• Silver State Schools Cuts Losses, Gets New Cash Infusion From Insurer

  By Marc Rapport  |  January 27, 2012

  Silver State Schools Credit Union continued to lose money in the fourth quarter but less than before, and the Las Vegas credit union got a $4.4 million advance from its private insurer.

• Silver States Loses Top Spot, Plans Branch Closures

  By Jim Rubenstein  |  November 20, 2011

  Perhaps it was bound to happen given the continuing financial slide of the $667 million Silver State Schools Credit Union.

• American Share Insurance President Sees Various Reasons for Switch

  By Jim Rubenstein  |  September 14, 2011

  Dennis Adams said he doesn't read too much into handful of planned conversions from NCUA coverage to his company.

• Silver State’s Gain Disappears

  By Jim Rubenstein  |  August 31, 2011

  The distressed $712 million Silver State Schools Credit Union of Las Vegas confirmed again what analysts had expected: a first-half $2.8 million loss. But its new management continued again last week to claim progress is being made toward recovery.

• Silver State Erases First Quarter Gain, Shows $2.8 Million Loss

  By Jim Rubenstein  |  August 18, 2011

  New CEO says management "continues working to stabilize" Las Vegas CU.

• Silver State Gets a Veteran CEO in Andrew Hunter

  By Jim Rubenstein  |  July 3, 2011

  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.

• Rhamy Retiring from Silver State Schools, Hunter Taking Over

  By Marc Rapport  |  June 28, 2011

  Former Patelco CEO takes helm on July 11 while outgoing CEO to continue in consulting role, concentrate on law practice.

• Silver State Schools Credit Union Posts a Profit, First in Nine Quarters

  By Jim Rubenstein  |  April 27, 2011

  Still working under a state order and a loan from its private insurer, Silver State Schools Credit Union is back in the black.

• Management Shifts Also Mark Silver State Report

  By Jim Rubenstein  |  March 11, 2011

  The long-term financial troubles at Nevada’s largest credit union, the $718 million Silver State Schools,, have also been accompanied by recent changes of senior management.

• Adams Gives New Boost to Troubled Silver State

  By Jim Rubenstein  |  November 16, 2010

  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.