Billion-dollar Los Angeles credit union picks up pieces of small counterpart shuttered by NCUA last week.
The $3.4 million I.C.E. FCU served Inglewood city employees and had 942 members, posting annual losses since 2009.
Callahan & Associates Chairman Chip Filson said he questions a nearly $2 billion reduction in the NCUA’s Central Liquidity Facility stock reported in October when U.S. Central Bridge was liquidated. Filson also posted a blistering Feb. 28 opinion piece on the Callahan website questioning the NCUA’s financial transparency on the...
Agency says it used $1.845 billion to pay out the failed corporate's largest liability. NCUA foe said it should have been kept separate.
Detroit's Amez United CU had 158 members and $168,865 in assets, and a lot of delinquent loans.
Dallas credit union had $2 million in assets, 743 members.
The regulatory clock ran out on $5 million El Paso’s Federal Credit Union of El Paso, Texas last week.
Michigan Office of Financial Insurance Regulation on Thursday closed the $303,261 United Catholic Credit Union in Temperance, a one-person shop.
Credit unions sowed the seeds for future political wins by planning a rally on the National Mall while President George H.W. Bush sowed the seeds for the demise of much of his support among conservatives by reversing his pledge not to raise taxes.