NCUA says $177 million also put into Premier America purchase and assumption deal for failed credit union's leftovers.
ESL Federal Credit Union, Rochester, N.Y. announced the addition of John Cirella as business banking relationship manager. In his new position, Cirella will be responsible for identifying, developing and managing business banking relationships in the Greater Rochester area.
A week after super storm Sandy slammed into the East Coast, New Jersey Gov. Chris Christie looked ahead to preparations for a nor’easter that was due to dump snow and rain on the already reeling Northeast.
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.
Disasters and missteps are just some of the highlights in this early look at our Year in Review print issue out next week.
Valley First acquires State Center in Fresno; Aloha Pacific completes fifth merger in five years.
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.
This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
Consolidated Bay Area credit unions will get new name in a few months.
Raising capital, board and committee activity fuels development of People’s Reserve CU as state regulators give nod.