The National Credit Union Administration (NCUA) returned control of Texans Credit Union (Richardson, TX) to its members.
NCUA placed Texans into conservatorship in April 2011.
NCUA stated that the conservatorship was successful due to the efforts to carefully and deliberately mitigate exposure and risk from troubled assets, improve lending controls, revitalize operations, and improve operating efficiencies.
Texans is the first federally insured credit union to emerge from NCUA conservatorship in 2016.
Read the press release.
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