As fight to raise cap continues in congressional lobbies, business loan programs continue to grow.
The NCUA has not provided any guidance as to what should or should not be included in a master participation agreement.
Federal court says not enough merit to proceed in case over participation loan losses.
To help credit unions looking to grow their business lending programs, Navy Federal Credit Union has launched a new commercial participation loan program.
The California Department of Financial Institutions liquidated the $301 million Telesis Community Credit Union of Chatsworth, Calif., June 1 and appointed the NCUA as liquidating agent. The $1.3 billion Premier America Credit Union of Chatsworth, Calif., which had been managing Telesis since mid-April, purchased and assumed Telesis’ members, deposits, core...
The NCUA has retained the liquidated Telesis Community Credit Union’s CUSO shares, an agency spokesman said, but he did not know its future plans.
The new interim president of Business Partners LLC said the business lending CUSO is on track to continue growing this year.
Conserved California credit union continues five-year string of losses.
Profitable for eighth consecutive year, with new interim president in place.
The $1.3 billion Premier America Credit Union has contracted with the NCUA to manage the assets of the seized $318 million Telesis Community Credit Union. Both credit unions are based in Chatsworth, Calif.