Notes payoff called important milestone in efforts to resolve the failure of five corporates.
Pete Pritts said he was so disconnected from the corporate credit union world after leaving First Corporate CU in 2011, he wasn’t even aware Corporate America Credit Union had an opening.
The reduced corporate bill is the result of legacy asset performance and the macroeconomic factors used to project their future performance, the NCUA said in a release.
Former president of First Corporate Credit Union takes over at Corporate America.
U.S. Central no longer lives as a corporate and headquarters is for sale for $14.3 million.
NCUA declares three-year corporate system rescue effort complete.
Forty two of the 48 former FirstCorp members elected to stick with Catalyst, a number the Plano, Texas-based corporate said exceeded the expectations.
NAFCU president says he's disconcerted that $40 million of $170 million recovered from investment banks went to lawyers.
The Plano, Texas-based corporate said report will help members monitor its performance and practices on a regular basis using charts and graphs.
Mississippi, Florida credit union executives join board of merged corporate.