Silver State Schools Credit Union continued to lose money in thefourth quarter, posting a net loss of $2.8 million, and finishingthe year with a net loss of $8.4 million, the Las Vegas creditunion said.
The $2.8 million loss mirrored the third quarter results.However, that compared with a net loss of $21.4 million in 2010,and the credit union's private insurer, American Share Insurance,gave Silver State Schools, another $4.4 million capital boost inDecember “after consideration of the steady progress made by thecredit union over the past 12-18 months,” the credit union said ina statement.
“We look forward to continued improvement in 2012,” said SilverState Schools CEO Andy Hunter, the retired Patelco CU CEO who took over earlierthis past summer.
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