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Silver State Talks Roll On [CU Times]

Wednesday, January 20, 2010 - 8:05 AM
From Credit Union Times:
Negotiations were reportedly continuing in secret last week between the Nevada Financial Institutions Division, American Share Insurance Corp. and the troubled $883 million Silver State Credit Union regarding an anticipated capital infusion to restore financial stability to the Las Vegas credit union.
Since many credit unions depend on ASI for their deposit insurance, this affects more than just credit union members in Nevada. Refer to my recent post on the ASI conversion of a Texas credit union.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800