Friday, March 5, 2010
Southern Nevada-based CUs Lose $120 Million in 2009
The Las Vegas Review-Journal is reporting that Southern Nevada-based credit unions lost about $120 million in 2009.
The article reports that Silver State Schools Credit Union, Nevada Federal Credit Union, and Clark County Credit Union accounted for a majority of the losses.
Privately-insured Silver State Schools CU and Clark County CU reported losses of $50.9 million and $25.3 million, respectively.
Nevada Federal Credit Union lost $32 million.
The article reports that Silver State Schools Credit Union, Nevada Federal Credit Union, and Clark County Credit Union accounted for a majority of the losses.
Privately-insured Silver State Schools CU and Clark County CU reported losses of $50.9 million and $25.3 million, respectively.
Nevada Federal Credit Union lost $32 million.
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