While operating under a conservatorship, the $117 million Keys Federal Credit Union in Key West, Fla., posted a net income of $1.2 million in 2014, almost four times higher than the 2013 level of $307,672, according to data from the NCUA.

The net worth ratio improved by 114 basis points to 5.2% for the year ending Dec. 31, 2014. Total loans increased by $4 million in 2014, with the majority of the growth in auto lending.

In September 2009, Keys FCU voluntarily entered into conservatorship. The NCUA said it has worked with the management team and staff to improve the credit union's financial condition and maintain services for the institution's 10,217 members.

Chartered in 1940, Keys FCU currently operates three full-service branches in Florida's Middle and Lower Keys. 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 2014,” Myra Toeppe, NCUA Region III director and agent for the conservator, said. “By focusing on strengthening core earnings, Keys' management team and staff were able to make significant progress toward generating strong earnings to rebuild capital.”