LAS VEGAS One Nevada CU, the state’s largest federally insured credit union that has been battered by the recession, reported a $2.3-million net for the second quarter and a $3.6-million net for the first six months of the year.
That compares to $590,000 in net income for the first six months of 2012 and a $2.1 million loss for the same period in 2011.
“Even though the local economy remains sluggish, we continue to make sound financial progress,” said Brad Beal, president of the $696-million credit union.
The one-time $825-million credit union reported net income of $2.5 million for 2012, after racking up $41 million of losses in the previous three years.
One Nevada has plans to roll out several new products, including Cash Perks, a cash-back program for using debit cards at selected retailers, and Keep Track, an online tool to track financial relationships.
