Search
 

Nevada FCU Cuts 30 Jobs as CEOs Eye Faint Turnaround

The turnaround signs for troubled Nevada credit unions remain still hard to come by Wednesday, according to CEOs, as at least one, the $783 million Nevada FCU detailed the shedding of 30 jobs this week bringing its payroll down to 270 employees.

By Jim Rubenstein | Updated on October 27, 2009

The turnaround signs for troubled Nevada credit unions remain still hard to come by Wednesday, according to CEOs, as at least one, the $783 million Nevada FCU detailed the shedding of 30 jobs this week bringing its payroll down to 270 employees.

“It’s not pleasant, but it’s the right thing to do,” explained Brad Beal, CEO of Nevada FCU, which serves 86,000 members in Las Vegas, Pahrump and Reno. Like nearly all the other major CUs, its most recent financial statement is covered in red ink.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.