Money and Markets - Financial Advice | Financial Investment Newsletter
Skip to content
  • Home
  • Experts
    • Martin D. Weiss, Ph.D.
    • Mike Burnick
    • Sean Brodrick
    • JR Crooks
    • Larry Edelson
    • Bill Hall
    • Mike Larson
    • Jon Markman
    • Mandeep Rai
    • Tony Sagami
    • Grant Wasylik
    • Guest Contributors
      • Amber Dakar
      • Peter Schiff
      • John Sheely
      • Claus Vogt
  • Blog
  • Resources
    • FAQ
    • Personal Finance Corner
      • Hot Tips
      • Investments
      • Money & Banking
      • Consumer Loans
      • College Savings
      • Retirement
      • Credit & Debt
      • Taxes
      • Insurance
      • Life & Home
      • Investment Portfolios
    • Links
  • Services
    • Premium Membership Services 
      • Money and Markets Inner Circle
    • Trading Services
      • Marijuana Millionaire
      • Tech Trend Trader
      • Calendar Profits Trader
      • E-Wave Trader
      • Money and Markets’ Natural Resource Investor
      • Money and Markets’ Natural Resource Options Alerts
      • Supercycle Investor
      • Wall Street Front Runner
      • Pivotal Point Trader
    • Investment Newsletters
      • Real Wealth Report
      • Safe Money
      • Disruptors and Dominators
      • The Power Elite
    • Books
      • The Ultimate Depression Survival Guide
      • Investing Without Fear
      • The Standard & Poor’s Guide for the New Investor
      • The Ultimate Safe Money Guide
    • Public Service
  • Media
    • Press Releases
    • Money and Markets in the News
    • Media Archive
  • Issues
    • 2017 Issues
    • 2016 Issues
    • 2015 Issues
    • 2014 Issues
    • 2013 Issues
    • 2012 Issues
    • 2011 Issues
    • 2010 Issues
    • 2009 Issues
    • 2008 Issues
    • 2007 Issues
  • Subscriber Login
  • Weiss Education

Money and Markets: Investing Insights

Weiss Ratings:Two Credit Unions Placed in Conservatorship, Bringing Total under Watch to Three for the Year

JUPITER, Florida (April 18, 2011) — Last week, regulators placed two credit unions in conservatorship: Texans Credit Union, Richardson, Texas and Vensure Federal Credit Union, Mesa, Arizona. This brings the total number of U.S. credit union closures to six with an additional three in conservatorship for 2011, which is one ahead of last year’s pace. 

Texans Credit Union, Richardson, Texas, with assets just over $1.5 billion at December 31, 2010 was rated E- (“Very Weak”) for the last two quarters by Weiss Ratings.  It reported a loss of $39.4 million through December 31, 2010.  Texans Credit Union had a well-below-NCUA-mandated net worth (7%) ratio of 2.67% and total capital of $60.8 million.  Nonperforming loans to core capital made up over 165% of its loan portfolio and it had charge-offs to loans of 3.0%.  Texans Credit Union was placed in conservatorship by the National Credit Union Administration (NCUA) on April 15th.

Vensure Federal Credit Union, Mesa, Arizona, with assets of $2.7 million at December 31, 2010 was rated B (“Good”) for the last two quarters by Weiss Ratings.  Vensure FCU was placed in conservatorship by the NCUA on April 15th.  At that time, Vensure’s assets had jumped to more than $4.7 million compared to $2.7 million at December 31, 2010, indicating the credit union may need help managing its growth, although no specific reason was cited for the conservatorship. The institution reported a profit of $592 thousand through December 31, 2010.  It had total capital of $737 thousand and had no nonperforming loans or charge-offs. 

Weiss rates 529 credit unions an E+, E, or E-.  Consumers can view the full list at www.weissratings.com.

Weiss Ratings, the nation’s leading independent provider of bank, credit union and insurance company ratings, accepts no payments for its ratings from rated institutions.  It also distributes independent ratings on the shares of thousands of publicly traded companies, mutual funds, closed-end funds and ETFs.

Previous post: Weiss Ratings: Six Failed Banks Identified as “Weak” by Weiss over Two Years Ago

Next post: Better Than Bonds? Income Alternatives to Consider for Inflationary Times.

  • Sign Up Free

    To receive editorial updates from The Weiss Center for Investor Advancement and Money and Markets, type in your email address. We respect your privacy

  • About Us
  • FAQ
  • Legal
  • Privacy
  • Whitelist
  • Advertising
  • Contact Us
  • ©2025 Money and Markets - Financial Advice | Financial Investment Newsletter.
Weiss Research
Weiss Research, Inc., founded in 1971, has a long history of providing research and analysis designed to empower investors with information and tools to make more informed, independent decisions along with an equally long history of public service. [More »]