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By Michelle A. Samaad |
February 27, 2013
In 2012, the NCUA reported nearly 1,500 federally insured credit unions had loan participations with total balances of nearly $13 billion.
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July 16, 2012
A loan participation suit filed two years ago against the defunct Eastern Financial Florida Credit Union to recoup millions in losses will not include Space Coast Credit Union, a federal court recently ruled.
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By Michelle A. Samaad |
July 9, 2012
Federal court says not enough merit to proceed in case over participation loan losses.
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By Michelle A. Samaad |
July 24, 2011
At one point, the high-flying commercial lending CUSO formed through Eastern Financial Florida Credit Union funded more than $200 million in business loans and served dozens of credit unions nationwide.
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By Michelle A. Samaad |
September 29, 2010
Senior management is the among the first casualties at Sperry Associates Federal Credit Union as the cooperative attempts to correct a number of troubled capital, operational and lending issues recently ordered by the NCUA.
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By Michelle A. Samaad |
September 8, 2010
Three months after Sperry Associates Federal Credit Union signed a letter of understanding and agreement with the NCUA to repair troubles within its loan program,
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By Michelle A. Samaad |
August 25, 2010
The website and phone number for CU Business Capital LLC, which was owned by Eastern Financial Florida Credit Union, are both inoperable in light of a loan participation lawsuit.
