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By Heather Anderson |
March 27, 2013
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.
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By Heather Anderson |
March 21, 2013
New report cites CEO's aggressiveness and risk-taking, compliant board, lax oversight in California credit union failure.
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January 16, 2013
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.
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By Heather Anderson |
January 8, 2013
NCUA says $177 million also put into Premier America purchase and assumption deal for failed credit union's leftovers.
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By Michelle A. Samaad |
December 19, 2012
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.
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By Michelle A. Samaad |
November 20, 2012
Three credit unions form managing partner group to lead ownership of member business lending CUSO.
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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.
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By Jim Rubenstein |
March 26, 2012
Seizure of California credit union puts focus on career of Grace Mayo, CEO and industry leader.
