-
By Michelle A. Samaad |
December 8, 2010
Mortgage lending CUSO CUMAnet Inc. has named Joseph Herbst at its new president.
-
By Michelle A. Samaad |
November 30, 2010
Joe Herbst, the former CEO of the conserved Members United Corporate Federal Credit Union, has been named the new president/CEO of CUMAnet LLC.
-
By Jim Rubenstein |
November 22, 2010
The head of the Credit Union League of Connecticut Monday called "good news" that term deposits held in the pending liquidation of Constitution Corporate Federal Credit Union will be held secure at fixed rate and maturity.
-
By Jim Rubenstein |
November 22, 2010
The operations takeover of the soon-to-be liquidated Constitution Corporate Federal Credit Union by the also NCUA-conserved Members United Bridge Corporate FCU should take 90 days.
-
By Michelle A. Samaad |
September 27, 2010
The CUSOs owned by the three corporate credit unions placed in conservatorship Sept. 24 remain open for business today.
-
By Heather Anderson |
February 17, 2010
When Constitution Corporate Federal Credit Union released its December 2009 financials Feb. 8, reporting an inflated $25.2 million prior undivided earnings deficit, the industry wondered if the $1.3 billion corporate was under conservatorship.
-
By Heather Anderson |
February 10, 2010
The NCUA clarified Constitution Corporate Federal Credit Union's regulatory status to the Credit Union Times, saying the $1.3 billion corporate is not under conservatorship, nor has it received a capital infusion or any other new financial support.
-
By Heather Anderson |
February 9, 2010
The $1.3 billion Constitution Corporate Federal Credit Union sunk further into insolvency, reporting an additional $24.4 million OTTI in December financials and increasing its unaudited prior undivided earnings deficit to $25.2 million.
-
By Heather Anderson |
January 27, 2010
Despite the NCUA-directed cancellation of Western Corporate Federal Credit Union's town hall meetings,
-
By Heather Anderson |
January 19, 2010
If the NCUA's proposed corporate regulations were to take effect as written, the $4 billion Mid-Atlantic Corporate Federal Credit Union would have to replace its entire board.
