Five years ago today, the NCUA seized three corporates and took its final steps to resolve the corporate crisis.
Lax management plus bad investments equaled a $141 million loss for a conserved and now-merged Southwest Corporate.
Georgia Corporate board gives final approval; newly merged corporate opens Sept. 6.
Georgia Corporate board vote schedule on Wednesday; final step needed before Sept. 6 opening.
Two more votes this week on proposed merger of Georgia and Southwest Bridge corporates.
Georgia Corporate CEO reports progress as corporates move toward Sept. 6 consolidation date.
NCUA Inspector General quietly reports corporate losses, says others expected to be "much higher still."