The $121 million Keys Federal Credit Union in Key West, Fla., expanded member services and reported a net worth ratio gain for 2013, while operating under conservatorship.
The NCUA said last week that Keys posted year-end net income of $307,672. Total assets at the end of the 2013 decreased from $124.2 million at year-end 2012 to $120.5 million. Keys' net worth ratio was 4.07% at the year's end thanks to the improvement of 37 basis points during the year.
Keys, chartered in 1940, voluntarily entered into conservatorship in September 2009. Keys currently operates three full-service branches in Florida's Middle and Lower Keys, serving almost 10,000 members.
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