While operating under conservatorship, the $234 million AEA Federal Credit Union in Yuma, Ariz., posted year-end net income of $5.23 million for 2013, up from $3.15 million in the prior year.

The NCUA said AEA's "strong commitment to member service" led to the credit union's financial improvement.

AEA's total assets increased by $3 million from 2012 and the net worth ratio improved by 70 basis points, ending the fourth quarter at 4.72 percent.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.