Learn new CEO Pam Easley's plans for the CUSO formerly owned by the failed Telesis Community CU.
Pamella Easley has been appointed the new president/CEO of business lending CUSO Business Partners LLC.
Former American First CU CEO, Pamella Easley, takes over at business lending CUSO once owned by the failed Telesis Community CU.
The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.
New report cites CEO's aggressiveness and risk-taking, compliant board, lax oversight in California credit union failure.
The NCUSIF has taken an estimated hit of $72 million due to the failure of Telesis Community Credit Union, NCUA Public Affairs Specialist John Fairbanks said Tuesday.
NCUA says $177 million also put into Premier America purchase and assumption deal for failed credit union's leftovers.
The NCUA announced on April 2 that it has contracted with the $1.3 billion Premier America Credit Union to manage the assets of the $318 million Telesis Community Credit Union during Telesis’s conservatorship. Both credit unions are based in Chatsworth, Calif.
Three credit unions form managing partner group to lead ownership of member business lending CUSO.
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.