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By Michelle A. Samaad |
October 25, 2011
Nearly a year after AEA Federal Credit Union was placed under NCUA conservatorship, the financial institution is in court trying to recover some of the funds it allegedly lost in millions of dollars of soured business loans.
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By Natasha Chilingerian |
September 25, 2011
At the close of 2011’s second quarter, a handful of credit unions located in the sand states, where a teetering economy has made it most difficult for financial institutions to thrive, shared hopeful bits of news: net worth ratio improvements, net income increases, loan loss reductions and operating expense cutbacks.
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By Natasha Chilingerian |
September 23, 2011
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
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By Sarah Snell Cooke |
August 23, 2011
Credit unions of all sizes are knocking the ROA ball out of the park, according to this data gathered by Callahan & Associates.
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By Michelle A. Samaad |
August 10, 2011
PORTLAND, Ore. — When a loan officer was arrested and charged with participating in a business loan kickback scheme that ultimately led to AEA Federal Credit Union’s conservatorship in December 2010, the cooperative’s outcome looked bleak.
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By Jim Rubenstein |
June 20, 2011
Faces sentencing in October; admits paying kickbacks for $22 million in loans for now failed kids park and nightclub.
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May 23, 2011
A new series from the Georgia Department of Banking and Finance addresses the role of boards of directors at credit unions and banks.
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May 23, 2011
January 2012 is the scheduled date for an alleged business loan fraud case involving AEA Federal Credit Union.
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By Michelle A. Samaad |
May 5, 2011
Former vice president, wife, associate accused in apparent $1 million kickback scheme.
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By Michelle A. Samaad |
March 2, 2011
The credit union industry is known for its kinship. Few dare to go on record and point fingers at their credit union peers for poor loan performance.
