The NCUA has been working behind the scenes to divest the former Telesis Community Credit Union's roughly $4 million stake in Autoland.
Vehicle buying CUSO Autoland Inc. said its first quarter earnings included a 16% sales increase over the same period last year.
The bank lobby took the opportunity Friday to point to a credit union failure as a reason to keep the current MBL cap.
After years of losses from business lending, Telesis Community Credit Union was liquidated Friday and sold to Premier America Credit Union.
A lot of the scuttlebutt around the industry over the last couple of weeks has been about transparency and fiscal responsibility.
For some credit unions, being able to get in a car and drive to a piece of commercial real estate that a member is trying to secure financing for is a pivotal part of the lending process. Scoping out the area where that strip mall or office building is located...
How much risk is too much is just one of the questions looked at in this preview article from next week's print edition.
NCUA says federally insured, state-chartered credit unions represented 68% of all participations sold and 55% of participations bought.
With the recent takeover of Telesis Community Credit Union, the intricacies of the loan participation transaction are in the spotlight.
The NCUA announced Monday evening that the $1.3 billion Premier America CU would take over management of $318 million Telesis Community CU.