Even the owner of the tiniest shop knows this feeling: The shelves are full of brand-new inventory, but buyers are slow to take advantage, even after some aggressive price-cutting. Credit unions across Nevada find themselves in a similar boat these days. Inventory, which for them is money available to loan, has been pouring into credit unions for the past six months as … [Read more...] about Qualified Borrowers Wanted
Matt Kershaw
Credit UnionsCommunity Banking
As banks continue to consolidate and grow as national corporations, credit unions likewise continue to provide financial connections to local communities. Clark County Credit Union President and CEO Matt Kershaw said the philosophy of “people helping people” has propelled state-charted credit unions to be the largest group of locally-owned financial institutions in Nevada. … [Read more...] about Credit Unions
The Business of Credit Unions: The “Own-Your-Own” Financing Institution
“Credit unions have a different structure and business model than banks do, but they’re still depository institutions, so safe and sound is still safe and sound,” said George Burns, commissioner, Nevada Financial Institutions Division (NFID). They’re also the largest state-chartered, locally owned financial institutions in the state, according to Matt Kershaw, CEO, Clark … [Read more...] about The Business of Credit Unions: The “Own-Your-Own” Financing Institution
Movers and Shakers: Matt Kershaw
President & CEO Clark County Credit Union (65 years in NV) Type of Business: Credit Union | Hails from: Sandy, Utah | 11 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? My friend’s dad worked at a bank and helped me find a job when I was going to college. What is your pet peeve? The gobbling up of successful … [Read more...] about Movers and Shakers: Matt Kershaw
Nevada’s Credit Unions Experience Growth
Despite new and ongoing challenges, Nevada’s credit unions are experiencing an upswing in membership and activity. Of the state’s 17 credit unions, the nine in Northern Nevada attained a record high membership of 112,347 by adding 3,973 individuals between the fourth quarters of 2014 and 2015, the most recent period for which Nevada Credit Union League (NCUL) data is … [Read more...] about Nevada’s Credit Unions Experience Growth
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. “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...] about Let’s Get Personal: Credit Unions in Nevada