Read how new CEO Pam Easley will lead the CUSO beyond the legacy of the failed Telesis Community CU.
Learn new CEO Pam Easley's plans for the CUSO formerly owned by the failed Telesis Community CU.
Former American First CU CEO, Pamella Easley, takes over at business lending CUSO once owned by the failed Telesis Community CU.
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.
The timing of criticism toward a regulatory proposal to limit loan participations to a certain percentage of a credit union’s net worth with the takeover of a California cooperative heavily steeped in the transactions may have created an ironic overlap.