LAS VEGAS — Credit unions here continue to rebound from the recession.
One Nevada CU announced its 2015 financial results showing year-end net income of $10.2 million, net worth of 11.42%, and $785 million in total assets. Record volumes were achieved in auto loans, credit cards and mortgage loans, the credit union said, and loan delinquency and provision for loan losses fell to pre-recession levels. The credit union also welcomed 14,434 new members.
“We’re thrilled with our 2015 results. I’m very proud of our staff on a record-breaking year in many aspects,” said CEO Brad Beal. “Although the Nevada economy improved in 2015, we still have a close eye on the local employment and housing numbers. We plan on continuing a conservative posture in 2016 while continuing to provide superior financial services to our member-owners.”
One Nevada Credit Union is the largest CU in the state, and has 13 branches and 76,681 members.