Silver State Schools Credit Union of Las Vegas, which received a $22 million capital infusion last February from its private insurer, is closing five branches in June operating under a "consent order" from the state, it was disclosed Wednesday.
In a website message, www.silverstatecu.com, to members discussing the consolidation, David Rhamy, president/CEO, said the state's largest CU is shuttering two branches in metro Las Vegas, two in Reno and one in Henderson, effective June 4.
The decision to shutter the branches comes from a plan to restore financial health that the $819 million CU has with American Share Insurance and state regulators.
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