San Diego board veteran helped lead North Island, Central, Camp Pendleton and WesCorp credit unions, as well as WOCCU, CUES, CUNA DCUC and CCUL.
California credit union was seized in June 2010, remains under conservatorship.
The Western States Corporate Realignment Task Force, formed to help decide the fate of Western Bridge Corporate Credit Union, issued its report and recommendations about how to go forward in reconstructing the corporate FCU.
The Western States Corporate Realignment Task Force recently issued its report and recommendations about how to go forward in reconstructing Western Bridge Corporate FCU.
No conversation about the future of corporate credit unions goes very far before an ugly question intrudes. Isn’t it time to extinguish corporates entirely and turn the correspondent service work over to banks?
Failure happens, often again and again. When the nation was beset with a huge wave of savings and loan failures in the late 1980s–747 institutions were shuttered by regulators–lawmakers and regulators assured the public it had taken steps to prevent this from happening again. And then the recent more expensive...
Glum is the one word summing up of the mood of the bridge task forces, at least for Members United Corporate Bridge and Western Bridge and their plans to create viable entities for tomorrow.
After he read the recent statements issued by NCUA, Dave Chatfield said there is just one conclusion: the regulator intends to block mergers of Tier One corporates.
The Western states' corporate realignment task force, lead by the California and Nevada Credit Union Leagues, has agreed upon three needs: a credit union system solution, aggregation and a universal solution for credit unions of all sizes.
The $41 billion Navy Federal Credit Union announced Sept. 13 it will merge the $605 million United Services of America FCU of San Diego, which fell to 2.76% net worth as of June 30.