Telesis

• After CU Ownership Change, Business Partners Reaps Profits, Strong Capital

  By Michelle A. Samaad  |  April 22, 2013

  Reduction in overhead costs cited as largest contributor to CUSO's recent performance post-Telesis.

• Telesis Failure Blamed on Management, Board, Regulators

  By Heather Anderson  |  March 27, 2013

  The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.

• Telesis Loss Review Reveals NCUA Will Raise Some Net Worth Requirements

  By Heather Anderson  |  March 21, 2013

  OIG says agency should amend capital rules to reflect higher risk in member business loan portfolio.

• Telesis Tumble Tab Reaches $72 Million for NCUSIF

  By Heather Anderson  |  January 8, 2013

  NCUA says $177 million also put into Premier America purchase and assumption deal for failed credit union's leftovers.

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  The Year that Was ... 2012: Print Preview

  By Donald Shoultz  |  December 13, 2012

  Disasters and missteps are just some of the highlights in this early look at our Year in Review print issue out next week.

• Altura CU Touts Latest Financials Despite MBL Hit

  By Michelle Samaad  |  November 21, 2012

  A year ago, unemployment was 14% around the Inland Empire in California, much higher than the national average.

• Telesis Co-Owned Business Partners CUSO Announces New Owners

  By Michelle A. Samaad  |  November 20, 2012

  Three credit unions form managing partner group to lead ownership of member business lending CUSO.

• NCUA Stands Firm on Autoland Bids

  By Michelle A. Samaad  |  September 17, 2012

  The NCUA is standing by its decision to limit bids for Autoland Inc., an auto buying CUSO, to only credit unions and CUSOs.

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  Rejected Autoland Bidder Cries Foul: Print Preview

  By Michelle A. Samaad  |  August 16, 2012

  The NCUA has been working behind the scenes to divest the former Telesis Community Credit Union's roughly $4 million stake in Autoland.

• Autoland Reports First Quarter Sales Increase

  By Michelle A. Samaad  |  June 4, 2012

  Vehicle buying CUSO Autoland Inc. said its first quarter earnings included a 16% sales increase over the same period last year.