Perhaps it was bound to happen given the continuing financial slide of the $667 million Silver State Schools Credit Union.
But latest Call Reports show the beleaguered Las Vegas CU, which for nearly two years has been on a regulatory watch list with its 3.85% net worth, is now second largest in the state to the $684 million One Nevada CU.
That Las Vegas CU has been undergoing a rebranding since October after it dropped the federal charter shedding its previous name, Nevada FCU. The fact is both CUs have witnessed a shriveling of assets over the years as they grappled with a severely depressed Nevada economy.
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