Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Largest Privately-Insured Credit Union Finally Releases Q4 Results

Tuesday, March 15, 2011 - 5:45 AMSilver State Schools Family Credit Union - Details
From the Credit Union Times:
Perhaps now the last credit union in the nation to file its year-end call reports, the long ailing Silver State Schools Credit Union of Las Vegas reported late Wednesday an improvement in its financial condition, but it still showed a $21.4 million net loss for 2010 and net worth at 4.32%.

Silver State Schools Credit Union is the largest credit union in the nation that has only private deposit insurance via American Share Insurance (ASI). It has been said that if the credit union fails, it would have a major impact to ASI. This Las Vegas Review-Journal article has more info on the credit union's problems.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800