Telesis YIR 2012

New Owners Seek to Rebuild Business Partners Brand: Print Preview

By Michelle A. Samaad | November 29, 2012

This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
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.
Telesis CUSO Shares Retained by NCUA

By Heather Anderson | June 11, 2012

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...
Telesis Prompts Many Questions

By Jim Rubenstein | April 22, 2012

Many unanswered questions continued to swirl last week over the causes, fate and future course of the conserved $318 million Telesis Community Credit Union.
Telesis Management Taken Over by Premier America

April 15, 2012

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.
Editor’s Column: Don’t Let Telesis Be Alley-Oop for MBL Opposition

By Sarah Snell Cooke | April 9, 2012

The credit union industry is in full-court press over a possible vote in the Senate to expand member business lending. Congress’ spring break could have allowed credit unions a lobbying breather had it not been for Senate Majority Leader Harry Reid’s promise for a vote on the member business lending...
Telesis Demise Shines Light on Participations

By Michelle A. Samaad | April 9, 2012

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.
Telesis Takeover Puts Member Business Lending on Trial

By Jim Rubenstein | April 1, 2012

After years on a regulatory watch list, NCUA and the California Department of Financial Institutions finally pulled the plug last week on the $318 million Telesis Community Credit Union, placing the Los Angeles-based credit union into conservatorship. The NCUA was appointed conservator, ending a troubled saga.
Business Lending Losses Bring Down Telesis

By Michelle A. Samaad | April 1, 2012

Since at least 2010, Telesis Community Credit Union’s member business loan program has been in a downward spiral.