Clark County Credit Union reports profit of $9.2 million for 2013

The Clark County Credit Union in Las Vegas on Thursday reported $9.2 million in net income in 2013, an increase of 26 percent, compared with net income of $7.3 million the previous year.

“We are proud of the fact that we, as a member-owned cooperative have survived the last six years and come through a stronger, leaner organization,” said Wayne Tew, president and CEO of Clark County Credit Union. “We had our second year of consecutive monthly asset and loan growth. Our loan delinquency rate has dropped and our roster of loans charged-off has reduced.”

Tew said he was hopeful that the credit union’s sustained success this year will allow them to reinstate the bonus dividend to its members.

Founded in 1951, Clark County Credit Union has $507 million in assets, 33,000 members and four branches.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893. Follow @sierotyfeatures on Twitter.