The troubled Silver State Schools Credit Union, Nevada's largest, is having to do more belt-tightening and announced the closure of five more branches coming in June as it operates under a consent order with state regulators.
The deeply troubled Silver State Schools Credit Union spelled out details this week of its difficult year.
Las Vegas has become the industry hot spot this month for heated public dialogue about federal vs. private insurance with both NCUA Chairman Debbie Matz and American Share Insurance CEO Dennis Adams taking turns at media megaphones.
Silver State Schools Credit Union President/CEO Dave Rhamy had a tough December.
Two-thirds of the $883 Silver State Schools Credit Union's 6.7% delinquent loans are real estate.
Despite the unwelcomed publicity last month and a net worth around 4% at year-end 2009, Silver State Schools Credit Union President/CEO Dave Rhamy says he's qualified to facilitate the $883 million credit union's recovery.
After resisting such a move for months, American Share Insurance Inc., the Ohio-based private carrier,