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By Jim Rubenstein |
May 7, 2012
Conserved California credit union continues five-year string of losses.
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By Jim Rubenstein |
April 22, 2012
Many unanswered questions continued to swirl last week over the causes, fate and future course of the conserved $318 million Telesis Community Credit Union.
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April 15, 2012
The $1.3 billion Premier America Credit Union has contracted with the NCUA to manage the assets of the seized $318 million Telesis Community Credit Union. Both credit unions are based in Chatsworth, Calif.
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By Sarah Snell Cooke |
April 2, 2012
The NCUA announced Monday evening that the $1.3 billion Premier America CU would take over management of $318 million Telesis Community CU.
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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 Michelle A. Samaad |
April 1, 2012
Since at least 2010, Telesis Community Credit Union’s member business loan program has been in a downward spiral.
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By David Morrison |
April 1, 2012
Legislation that would raise the cap on credit unions' business loans to members is poised for a mid-April showdown in the Senate.
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By Michelle A. Samaad |
March 28, 2012
The NCUA has clarified that Autoland Inc., the auto buying CUSO co-owned by Telesis Community Credit Union, will continue to operate.
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By Michelle A. Samaad |
March 26, 2012
Business Partners LLC, the CUSO founded by Telesis Community Credit Union in the early 1990s, will continue originating and servicing loans, the NCUA said Monday.
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By Michelle A. Samaad |
March 26, 2012
California credit union placed into conservatorship on Friday; questions remain whether overreach contributed.
