Resolved portion dates back to 2012.
Latest motion says Florida credit union lacks facts, new claims in amended complaint in suit over failed CDOs.
While it’s been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperative’s collapse.
Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.
Judge says complaints lacked detail on fraud allegations against brokers but that credit union can come back with more details.
In 2012, the NCUA reported nearly 1,500 federally insured credit unions had loan participations with total balances of nearly $13 billion.
Federal court in Florida says it needs more time to review motions from banks and ratings agencies.
Smaller Jacksonville credit union to get members, two branches and other assets from $3 billion Space Coast in market move approved by NCUA, state.
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.
Branches going bye bye? Not among these top 11 credit unions. (It's a top 10 list with a tie for No. 10.)