Let’s Get Personal: Credit Unions in Nevada

Although many financial institutions struggled during the recent economic downturn, credit unions in general fared somewhat better.

Although many financial institutions struggled during the recent economic downturn, credit unions in general fared somewhat better. “The credit union industry weathered the recession pretty well, but in Nevada some merged out of existence. The credit unions that are left are much stronger and are thriving now,” said Andy Hunter, president and CEO of Silver State Schools … [Read more...]

Industry Focus: Credit Unions

Nevada executives in this industry met at the offices of Clark County Credit Union to discuss the trends and challenges facing their industry.

Strengthened by a collaborative spirit, credit unions that have made it through the recession work to provide quality services for their members. Recently, Nevada executives in this industry met at the offices of Clark County Credit Union to discuss the trends and challenges facing their industry. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as … [Read more...]

Wayne Tew: Clark County Credit Union

Meet Wayne Tew: President/CEO, Clark County Credit Union

President/CEO Clark County https://www.ccculv.org/ How did you first get into your profession? When I left public accounting, I was working as a controller for a small data processing firm when a credit union CEO approached me and asked if I would come and work for him as vice president and controller. I accepted his offer and have been in credit unions ever … [Read more...]

Credit Unions in Nevada: They’re Coming Back

Many credit unions in Nevada are garnering profits, a welcome trend.

During the recession, Nevada’s Boulder Dam Credit Union (BDCU) moved from the black into the red, primarily due to loan losses, said President and CEO Eric Estes. It weathered the financial decline by shrinking assets and shares. After three and a half years in the doldrums, the credit union’s health began to turn around. BDCU now has been profitable for about 18 months, … [Read more...]