Corporate credit union investment suit targets Wells Fargo trustee obligations.
Stabilization Fund and other obligations must be paid before regulator can pay credit unions.
The NCUA accuses DB of failing to meet trustee obligations when it sold bad securities to failed corporates.
NCUA official says a lack of regulatory authority is to blame. Material loss reviews concur.
Surviving corporate VolCorp will maintain Kentucky Corporate's headquarters presence.
Catch up with three former corporate leaders: Thomas Bonds, Francois Henriquez and Brian Hague.
J.P. Morgan, others named in sale of $2.2 billion in failed mortgage-backed securities that led to collapse of WesCorp, U.S. Central and Southwest Corporate.
Using the NCUA’s midpoint estimates of remaining corporate stabilization costs, CUNA Chief Economist Bill Hampel estimates it would take four more years of assessments similar to the 2012 rate of 9.5 basis points to pay off corporate losses.
NASHVILLE, Tenn. — NCUA resources are being disproportionately applied to small credit unions and skimping on large credit union supervision, NCUA Chairman Debbie Matz told NAFCU’s annual conference attendees during her general session address July 24
Members United Bridge has gotten the go-ahead from the NCUA to circulate its recapitalization plan for a new corporate credit union.