2 conserved CUs improving

Jan. 25, 2013 – Keys FCU and Texans CU, two institutions currently under NCUA conservatorship, have logged improved financials over the past year.

NCUA sent announcements out on both institutions Thursday. It said Keys FCU saw an increase in its net worth ratio of 80 points in 2012. Assets were down $200,000 to $125.2 million, but net income rose $965,714. It had a net worth ratio of 3.7 percent Dec. 31.

Texans CU grew its net worth ratio 161 points last year, ending 2012 with a net worth ratio of 2.68 percent. It had total assets of $1.43 billion Dec. 31 (little changed from the previous year) and generated net income of $24.17 million.

Keys FCU, in Florida, has nearly 10,000 members. It has been in conservatorship since 2009. Texans CU, in Texas, has about 118,000 members. It has been in conservatorship since 2011.