The $3.1 billion Space Coast Credit Union has filed a suit against two investment firms over the alleged misrepresentation of a collateralized debt obligation that the cooperative said led to financial losses.
Space Coast CU is suing Barclays and State Street Securities over investment losses that led to its takeover of Eastern Financial CU.
The Wall Street Journal dropped the bombshell: “Banks Hit for Credit Union Ills,” read the headline on an article reporting that the NCUA was in talks with a bevy of Wall Street powerhouses (Goldman Sachs, Merrill Lynch, Citigroup and JPMorgan Chase) about the NCUA’s belief that Wall Street banks sold...
The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, according to several sources within the credit union industry.
The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, The Wall Street Journal reported today.
If you can't trust corporate credit unions, who can you trust?
If it ain't broke, don't fix it!" This celebrated chestnut causes more damage than good and delays calls for correction. It supports defective conclusions about the true effectiveness of what is seemingly unbroken.
LAS VEGAS -- As industries evolve in the social media and international realms, credit unions that cling to the traditional methods of doing businesses may get left behind,
The NCUA needs to pump out information regarding its legacy assets plan and financials or credit union execs and others will fill in the blanks for themselves.
The Trust for Credit Unions Mutual Fund Family renewed its annual contract with Goldman Sachs Asset Management, Callahan Financial Services announced April 13.