Eastern Financial Florida

• Space Coast CU $100 Million CDO Suit Dismissed, Court Permits Amended Complaint

  By Michelle A. Samaad  |  March 20, 2013

  Judge says complaints lacked detail on fraud allegations against brokers but that credit union can come back with more details.

• Space Coast CU’s Mortgage-Backed Securities Suit on Hold

  By Michelle A. Samaad  |  February 8, 2013

  Federal court in Florida says it needs more time to review motions from banks and ratings agencies.

• Space Coast Announces Asset Spinoff to Alive CU

  By Heather Anderson  |  August 3, 2012

  Smaller Jacksonville credit union to get members, two branches and other assets from $3 billion Space Coast in market move approved by NCUA, state.

• Space Coast Ordered to Mediation in CDO Case

  By Michelle A. Samaad  |  April 9, 2012

  In a $100 million lawsuit from Space Coast Credit Union against several Wall Street banks and credit rating agencies, a federal judge has ordered the parties to get together at a nonbinding mediation session.

• Space Coast, Wall Street Banks Ordered to Attend Mediation

  By Michelle A. Samaad  |  March 30, 2012

  More than a week after Space Coast Credit Union announced its mortgage securities lawsuit against several Wall Street banks, a judge ordered mediation.

• Space Coast CEO: Mortgage Securities Suit Not an Easy Battle

  By Michelle Samaad  |  March 12, 2012

  Doug Samuels, president/CEO of Space Coast Credit Union, knows its mortgage securities suit against several Wall Street giants may be an arduous undertaking.

• Space Coast Files $100 Million CDO Suit Against Banks

  By Michelle A. Samaad  |  March 12, 2012

  Florida CU names Wells Fargo, J.P. Morgan, Merrill Lynch and others for creating phony demand for residential mortgage loans.