The $1.45 billion Texans Credit Union in Richardson, Texas posted year-end 2015 net income of $26.63 million while operating under conservatorship, marking 48 consecutive months of positive earnings.
According to the NCUA, Texans' net worth ratio was 3.48%, excluding subordinated debt, an increase of 181 basis points from year-end 2014.
The NCUA placed Texans into conservatorship in April 2011 to address service and operational weaknesses. Since then, the NCUA, the credit union's management team and Texans' employees have worked to improve the credit union's financial condition and services for its 111,000 members. Deposits at Texans remain protected by the National Credit Union Share Insurance Fund.
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