Since at least 2010, Telesis Community Credit Union’s member business loan program has been in a downward spiral.
The NCUA has clarified that Autoland Inc., the auto buying CUSO co-owned by Telesis Community Credit Union, will continue to operate.
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.
California credit union placed into conservatorship on Friday; questions remain whether overreach contributed.
Several of Telesis Community Credit Union member business loan categories have been in a free-fall since at least 2010.
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.
San Francisco attorney Teveia Barnes has been appointed commissioner of the California Department of Financial Institutions, whose oversight includes credit unions.
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.
San Francisco organizer said he's heard from counterparts in New York, Rhode Island and Pennsylvania.
Occupy San Francisco said it filed pre-Thanksgiving paperwork with the state to charter a proposed People’s Reserve Credit Union.