David Savoie

• LaCorp Reaps $600,000 Settlement From Credit Suisse

  By Heather Anderson  |  April 17, 2013

  Louisiana Corporate Credit Union has emerged victorious from a decade-long suit involving the liquidation of National Century Financial Enterprises. The corporate, in an announcement last week, said it has agreed to a $600,000 settlement with Credit Suisse, the last remaining defendant in the securities fraud case.

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  LaCorp Reaps $600,000 Settlement in 2002 Securities Fraud Suit

  By Heather Anderson  |  April 9, 2013

  CEO David Savoie says 98% of losses recovered. Legal fees at 10% sharply lower than NCUA contingent fees.

• Merger Plan Scrapped

  By Heather Anderson  |  September 24, 2012

  The $3.4 billion Corporate America Credit Union and the $185 million Louisiana Corporate Credit Union announced Sept. 17 that they have called off their merger plans.

• Corporate America/Louisiana Corporate Say Merger Stalled to Death

  By Heather Anderson  |  September 17, 2012

  Corporate America Credit Union and Louisiana Corporate Credit Union announced late Monday they have called off their merger.

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  Bonds Exit Stirs Up Mild Concern

  By Heather Anderson  |  July 16, 2012

  Two member credit unions say they aren’t running for the exits at Corporate America Credit Union following the July 3 announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate. However, they expressed disappointment and concern that the maverick and charismatic leader will no longer lead the Irondale,...

• Members Not Abandoning Corporate America Post Bonds

  By Heather Anderson  |  July 10, 2012

  Members, merger partner stick around following last week’s announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate.

• Savoie Likes Louisiana Corporates Numbers

  By Heather Anderson  |  May 21, 2012

  At first glance, Louisiana Corporate CU’s 2011 financial report shows an institution that increased total capital by $442,565 over the previous year, for a total of $8.9 million. However, the $218 million corporate will have to contend with $2.2 million worth of membership capital shares on notice.

• One-Quarter of LaCorp MCS Is on Notice, But Savoie Likes His Numbers

  By Heather Anderson  |  May 14, 2012

  Louisiana Corporate boosts capital while preparing payments exit from U.S. Central and awaiting merger with Corporate America.

• Is Bonds-Hunt Feud Behind Corporate America-Louisiana Corporate Merger Delay?

  By Heather Anderson  |  May 2, 2012

  Correspondence between Alabama, federal regulators say OCCU Director Scott Hunt told Corporate America CEO to quit talking to media or the agency "would not support CACU."

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  Near Death Reports Disputed

  By Robert McGarvey  |  March 19, 2012

  In an era of participatory politicking when Facebook, Twitter and other digital tools can turn any citizen into a lobbyist, have traditional trade associations entered their twilight years?