first_imgNCUA yesterday announced the return of control of Keys Federal Credit Union in Key West, Fla., to its members. The credit union had been in conservatorship since September 2009.“Although a long time in coming, the recovery of Keys Federal Credit Union is a great success story,” said NCUA Chairman Debbie Matz. “This remarkable recovery was made possible through the collaborative efforts of Keys’ management team and staff, its advisory board, NCUA staff, and the loyal members who stuck with their credit union through turbulent times.”Keys was chartered in 1940 and is the oldest financial institution in the Florida Keys. In its first year of conservatorship, Keys’ net worth ratio fell to 2.37 percent; however, since then, operating changes led to a recovery and reported net worth ratio of 5.75 percent as of June 2015. Keys’ posted income is more than $1.2 million in 2014. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img