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.
In February, the $819 million credit union received a $22 million capital infusion from its private deposit insurer, American Share Insurance, but last week the Las Vegas CU said it has to do more consolidation to restore its financial health.
As of June 4, three metro Las Vegas branches and two Reno branches will close. The credit union did not disclose the savings anticipated or of the number of employees affected.
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