From shutting down unprofitable branches to refocusing its efforts on consumer loans, Texans Credit Union is hoping some of those moves will help bring it out of conservatorship.
Conserved Dallas credit union hopes those types of loans will help with its comeback after commercial lending losses forced conservatorship.
A year after financial troubles led to its conservatorship, Texans Credit Union's fiscal health appears to be improving.
ABA economist responds to NCUA announcement, says $1.4 billion suburban Dallas credit union remains critically undercapitalized, delinquencies continue to rise.
Texans has strong first year in conservatorship.
The $1.3 billion Premier America Credit Union has contracted with the NCUA to manage the assets of the seized $318 million Telesis Community Credit Union. Both credit unions are based in Chatsworth, Calif.
The NCUA announced Monday evening that the $1.3 billion Premier America CU would take over management of $318 million Telesis Community CU.
When asked how he sees the state of business services and lending among credit unions, Larry Middleman teeters on optimism and concern.
In an apparent effort to remain financially sustainable, Texans Credit Union has received $60 million in subordinated debt.
Nearly a year after being placed in conservatorship, it appears Texans Credit Union has received $60 million in subordinated debt to keep it afloat.