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Texans CU will Continue Efforts to Achieve Financial Success, Spokesperson Tells Leaguer
Friday, January 31, 2014 7:00 AM

Earlier this week, the National Credit Union Administration reported Texans CU as having strong financial results for 2013, expanding loans, shedding distressed assets and increasing its net worth ratio. A spokesperson for the credit union tells the Leaguer that every Texans CU member and every employee should feel proud of what was accomplished last year.

“The rebuilding process Texans undertook was not for the faint-of-heart,” the spokesperson shares with Leaguer readers. “We made difficult decisions about branches, staffing levels, programs and general expenses. Our loyal members and dedicated staff can now look back and see the journey was worth it; because of the progress we’ve made.”

The spokesperson says Texans CU will continue its efforts to achieve financial success, serving its members and communities.

“Sound business practices and the commitment to this credit union by staff and members will help us reach that goal,” the spokesperson continued.

According to the NCUA, Texans CU posted a year-end 2013 net income of $23 million. The credit union’s consumer loan portfolio grew by more than $19 million. Total assets at the end of the year stood at more than $1.4 billion. Texans’ net worth ratio at year’s end was 3.64 percent. More than $200 million in distressed assets have been divested since early 2012.