KEY WEST, Fla. – NCUA is reporting that Keys FCU, which it operating under conservatorship, posted a positive net income of $1.2-million as of year-end 2014.
That’s a near 400% increase over the $207,672 it reported at year-end 2013, NCUA reported. Year-end assets stood at $117.7 million, a slight decline from one year earlier, but net worth remains low, at 5.21% (but was a 114 BP increase over one year earlier). The credit union was placed into conservatorship by NCUA in 2009.