ASI-approved H.R. 3584, which would allow privately-insured credit unions to join a FHLB, passes House committee markup.
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.
Perhaps it was bound to happen given the continuing financial slide of the $667 million Silver State Schools Credit Union.
Dennis Adams said he doesn't read too much into handful of planned conversions from NCUA coverage to his company.
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.
New CEO says management "continues working to stabilize" Las Vegas CU.
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.
Former Patelco CEO takes helm on July 11 while outgoing CEO to continue in consulting role, concentrate on law practice.
Still working under a state order and a loan from its private insurer, Silver State Schools Credit Union is back in the black.
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.