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Silver State 'Very Much' Improving: ASI

The $819 million Silver State Schools, is on the financial mend despite shedding five of its 21 branches and witnessing the high level departure of top executives, said the president of its lead insurer, American Share Insurance of Ohio.

By Claude R. Marx | Updated on May 06, 2010

Nevada’s largest credit union, the $819 million Silver State Schools, is on the financial mend despite shedding five of its 21 branches and witnessing the high level departure of top executives, said the president of its lead insurer, American Share Insurance of Ohio.

Sounding a positive note about the fate of Silver State, Dennis Adams, ASI CEO, forecasted the CU, which lost $51 million last year and $8.5 million in the first quarter, could become profitable in the second half “and on that I am hopeful but you can never be certain with these kind of challenges.”

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