J.P. Morgan, others named in sale of $2.2 billion in failed mortgage-backed securities that led to collapse of WesCorp, U.S. Central and Southwest Corporate.
The surge in members over the past year may have been welcomed news for credit unions, but the overall member satisfaction experience might have suffered along the way.
This year was a transformative year for credit unions. It was a year in which credit unions made the transition from the losses of recession to the stability and growth of recovery. During the year, the industry topped $1 trillion in assets and grew strongly to approach 94 million members.
Ninth suit filed so far by NCUA in the sale of toxic mortgage-backed securities to corporate credit unions.
Annual American Customer Satisfaction Index also showed drop in 2010 before bouncing back to record high in 2011.
NAFCU president says he's disconcerted that $40 million of $170 million recovered from investment banks went to lawyers.
Rep. Darrel Issa (R-Calif.) asks if executive order violated. NCUA pays lawyers more than $40 million of $170 million in Wall Street settlements.
CEO Vikram Pandit steps down, along with President/COO Michael Corbat on Tuesday, effective immediately.
Early reports for the finance sector’s third-quarter 2012 performance indicate that it is on track to best all other sectors.
Calling it one more bait-and-switch operator, the NCUA sues Credit Suisse Securities in the collapse of corporate credit unions.