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January 27, 2015
Conserved Texans CU continues to improve
NCUA said Tuesday that Texans Credit Union, which was conserved in April 2011, reported improved loan growth and net worth at year-end 2014 – posting $21.7 million in net income but gave no indication of when the credit union would exit conservatorship.
The credit union's 2014 results marked 36 consecutive months of positive earnings.
Texans CU's consumer and real estate loan portfolios grew more than $31 million and $27 million, respectively, NCUA noted. Total assets at the end of the year stood at more than $1.4 billion.
"Texans took a large step forward this past year," said NCUA Region IV Director and agent for the conservator C. Keith Morton in a statement Tuesday. "The staff and the leadership team continue to produce solid, positive results. All signs show that Texans is positioned to continue its growth and maintain an institutional culture that will offer excellent service to its members in 2015."
This state-chartered, federally insured credit union serves more than 112,000 members in North Texas.
The credit union's 2014 results marked 36 consecutive months of positive earnings.
Texans CU's consumer and real estate loan portfolios grew more than $31 million and $27 million, respectively, NCUA noted. Total assets at the end of the year stood at more than $1.4 billion.
"Texans took a large step forward this past year," said NCUA Region IV Director and agent for the conservator C. Keith Morton in a statement Tuesday. "The staff and the leadership team continue to produce solid, positive results. All signs show that Texans is positioned to continue its growth and maintain an institutional culture that will offer excellent service to its members in 2015."
This state-chartered, federally insured credit union serves more than 112,000 members in North Texas.
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