Las Vegas credit union expects continued bottom line improvement through 2012.
Beleagured credit union goes from nearly 20 branches to nine.
New CEO cites loan loss provisions as struggling Las Vegas credit union continues red ink bath.
At the close of 2011’s second quarter, a handful of credit unions located in the sand states, where a teetering economy has made it most difficult for financial institutions to thrive, shared hopeful bits of news: net worth ratio improvements, net income increases, loan loss reductions and operating expense cutbacks.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
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.
Part of continuing effort to cut expenses and restore financial health at Nevada's largest credit union.
The delay in reporting year-end results was far longer than expected, but the privately insured $718 million Silver State Schools Credit Union of Las Vegas managed to trim its year-ago losses by better than half to $21.4 million, though the CU still remained in a class as one of the...
Perhaps now the last credit union in the nation to file its year-end call reports, the long ailing Silver State Schools Credit Union of Las Vegas reported late Wednesday an improvement in its financial condition.