Private insurer gives $22 million bailout to Silver State Schools Credit Union [lvrj.com]

Las Vegas Journal reported some interesting news about the large ASI-only credit union Silver State Schools in Nevada:

The state's biggest credit union has received a $22 million financial bailout from the mutual insurance company that insures its deposits.

Here's the link to the announcement from the credit union's president.

For more information on ASI and the recent news about Velocity Credit Union, please refer to my ASI/Velocity review post.