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.
INVEST Financial Corp. will provide brokerage and investment services to members of Texans Credit Union.
NCUA-conserved Texans Credit Union is trying to recoup the balance on a $3.2 million loan for a cypress mill.