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By Michelle A. Samaad |
May 15, 2013
By the 1990s, the lending landscape in South San Francisco had changed considerably since a group of teachers came together in 1954 to charter a new credit union for access to small, personal loans.
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By Michelle A. Samaad |
May 1, 2013
Six months after Business Partners LLC, the member lending subsidiary founded by the failed Telesis Community Credit Union, changed owners, the CUSO is starting to emerge from a bleak and dark fog.
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By Michelle A. Samaad |
April 22, 2013
Reduction in overhead costs cited as largest contributor to CUSO's recent performance post-Telesis.
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By Michelle A. Samaad |
April 3, 2013
While it’s been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperative’s collapse.
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By Michelle A. Samaad |
March 21, 2013
Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.
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By Michelle A. Samaad |
December 5, 2012
When a litany of loan and management problems led to the demise of Telesis Community Credit Union earlier this year, the business lending CUSO it founded 17 years ago likely knew it would inherit a perception problem within the industry.
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By Michelle A. Samaad |
November 29, 2012
This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
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By Michelle Samaad |
November 21, 2012
A year ago, unemployment was 14% around the Inland Empire in California, much higher than the national average.
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By Michelle A. Samaad |
October 25, 2012
Investment in CUSO drives net income down at California credit union.
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By Michelle A. Samaad |
August 20, 2012
Nearly three months after the NCUA was appointed the liquidating agent for Telesis Community Credit Union, the agency has been working behind the scenes to divest the cooperative’s roughly $4 million stake in Autoland Inc., an auto buying CUSO.
