RICHARDSON, Texas (1/28/15)--Texans CU, a credit union under the conservatorship of the National Credit Union Administration, saw its loans and net worth continue to grow in 2014, the agency reported Tuesday.

The $1.4 billion-asset credit union in Richardson, Texas, was placed into conservatorship in April 2011 to address service and operational weakness.

According to the NCUA, since then Texans management and staff have "worked dramatically" to improve the credit union's condition. Texans CU is a state-chartered, federally insured credit union.

Texans CU posted a year-end 2014 net income of $21.7 million, which marked 36 consecutive months of positive earnings. Its consumer and real estate-loan portfolios grew by more than $31 million and $27 million, respectively, and its net worth ratio at year's end was 4.49%.

C. Keith Morton, Region IV director for the NCUA, said all signs point to Texans being able to continue its growth in 2015.

Texans CU, chartered in 1953, operates 13 branches and served more than 112,000 members in the Dallas metropolitan area. Membership is open to individuals and their family members who live, work or attend school in Collin, Dallas, Grayson, Rockwall, Travis, Williamson counties and parts of Denton County. Texans additionally serves employees of various companies in the credit union's field of membership, including Texas Instruments, Raytheon and Ericsson.