The NCUA announced that the $121 million Keys Federal Credit Union in Key West, Fl. expanded member services and reported a net worth ratio gain for 2013, while operating under conservatorship.

Keys posted year-end net income of $307,672. Total assets at the end of the 2013 decreased from $124.2 million at year-end 2012 to $120.5 million. Keys' net worth ratio was 4.07% at the year's end thanks to the improvement of 37 basis points during the year.

Keys, chartered in 1940, voluntarily entered into conservatorship in September 2009. Keys currently operates three full-service branches in Florida's Middle and Lower Keys, serving almost 10,000 members. Membership is open to individuals and their family members that live, work, worship or attend school in Monroe County, which is the municipal boundary of the Florida Keys.

“Keys' restructuring efforts continued in 2013 to provide members greater access to services and products like mobile banking and credit cards,” said Myra Toeppe, NCUA Region III Director and Agent for the Conservator in a statement on Friday. “We are encouraged by the credit union's steady progress.”