Sources says settlement reached in suit over failed corporate, but mum's the word among participants.
Short Duration Fund will be aimed at natural person credit unions and managed by Corporate America CUSO.
Credit Union Times is very proud to announce the winners of our 2011 Trailblazer Awards. The winners were honored March 1 at a reception held during CUNA’s Governmental Affairs Conference in Washington D.C.
When one of Thomas Bonds’ staffers recently pulled him aside with a grim expression on her face and said that he was needed in another part of the building, the mind of the president/CEO of Corporate America Credit Union started to race.
Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.
Immediately after Louisiana Corporate Credit Union announced its intention to explore a merger with Corporate America Credit Union, CU Times Correspondent Robert McGarvey got Louisiana Corporate's CEO David Savoie on the phone for a candid conversation.
Corporate America Credit Union today announced it had hired Joy Breedlove, formerly vice president of educational programs with the League of Southeastern Credit Unions, to develop and execute an educational initiative for its member credit unions.
The boards of directors of Corporate America Credit Union and Louisiana Corporate Credit Union last night announced their intent to pursue a merger, pending completion of due diligence and receipt of regulatory approvals.
Corporate America Credit Union has purchased and assumed Smart Source Solutions, the CUSO owned by Constitution Corporate FCU, which the NCUA plans to liquidate by the end of November.
WesCorp's management didn't manage risk well and invested too heavily in residential mortgage-backed securities, while NCUA examiners failed to "adequately and aggressively," address the risks.