California Department of Financial Institutions

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  Business Lending Losses Bring Down Telesis

  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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  MBL Cap Legislation Heading Into April Showdown

  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.

• Autoland to Continue Operating After Telesis Seizure, NCUA Clarifies

  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.

• Telesis Co-Owned Business Lending CUSO Will Continue Operating NCUA Says

  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.

• Telesis Built Participation Loan Network Worth Nearly $427 Million

  By Michelle A. Samaad  |  March 26, 2012

  California credit union placed into conservatorship on Friday; questions remain whether overreach contributed.

• Telesis Community Credit Union Member Business Loans Swimming in Red Ink

  By Michelle A. Samaad  |  March 26, 2012

  Several of Telesis Community Credit Union member business loan categories have been in a free-fall since at least 2010.

• NCUA Conserves Telesis Community, Liquidates Saguache County

  By Marc Rapport  |  March 24, 2012

  The NCUA said Friday night it has assumed conservatorship of Telesis Community Credit Union in California and liquidated Saguache County Credit Union in Moffat, Colo.

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  SF Attorney Teveia Barnes Named to California DFI Post

  By Marc Rapport  |  March 14, 2012

  San Francisco attorney Teveia Barnes has been appointed commissioner of the California Department of Financial Institutions, whose oversight includes credit unions.

• Occupy Sets Sights on CU Charter

  By Jim Rubenstein  |  December 11, 2011

  The Occupy protest movement may be under pressure from police on its encampments, but a Occupy group in San Francisco insisted it is serious about starting its own credit union to serve the underbanked.

• Are More Occupy CUs in Works?

  By Jim Rubenstein  |  December 7, 2011

  San Francisco organizer said he's heard from counterparts in New York, Rhode Island and Pennsylvania.