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By Heather Anderson |
January 28, 2013
California credit union was seized in June 2010, remains under conservatorship.
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By Robert McGarvey |
March 23, 2011
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.
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By Robert McGarvey |
March 17, 2011
The Western States Corporate Realignment Task Force recently issued its report and recommendations about how to go forward in reconstructing Western Bridge Corporate FCU.
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By Robert McGarvey |
March 2, 2011
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?
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March 2, 2011
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...
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By Robert McGarvey |
March 2, 2011
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.
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By Robert McGarvey |
February 17, 2011
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.
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October 13, 2010
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.
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By Heather Anderson |
September 22, 2010
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.
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By Heather Anderson |
September 13, 2010
The NCUA-rejected sale of the $600 million United Services of America FCU's South Korean and Japanese branches was worth as much as $30 million, California Credit Union League Interim CEO Dave Chatfield said.
