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April 24, 2012
Conserved Texans CU improving
April 24, 2012 – NCUA said Texans CU, which was conserved in April 2011, reported improved earnings for the first quarter of 2012, posting $5.87 million in net income year to date.
Total assets at the Richardson, Texas, credit union stood at $1.48 billion, up from $1.42 billion at year-end 2011. Texans' net worth rose 35 basis points, ending the first quarter at 1.42 percent.
NCUA is working to restore Texans to a financially strong credit union, said Keith Morton, NCUA Region IV Director and agent for the conservator. "We see significant progress . . . and we are very encouraged by the credit union's positive financial results for the first quarter of the year," he said in a statement. "By late 2012, Texans will unveil a new online banking and bill pay platform, a new website, and new financial products."
This state-chartered, federally insured credit union has 131,000 members and $1.5 billion in assets.
Total assets at the Richardson, Texas, credit union stood at $1.48 billion, up from $1.42 billion at year-end 2011. Texans' net worth rose 35 basis points, ending the first quarter at 1.42 percent.
NCUA is working to restore Texans to a financially strong credit union, said Keith Morton, NCUA Region IV Director and agent for the conservator. "We see significant progress . . . and we are very encouraged by the credit union's positive financial results for the first quarter of the year," he said in a statement. "By late 2012, Texans will unveil a new online banking and bill pay platform, a new website, and new financial products."
This state-chartered, federally insured credit union has 131,000 members and $1.5 billion in assets.
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