Grace Mayo

• Telesis Takeover Puts Member Business Lending on Trial

  By Jim Rubenstein  |  April 1, 2012

  After years on a regulatory watch list, NCUA and the California Department of Financial Institutions finally pulled the plug last week on the $318 million Telesis Community Credit Union, placing the Los Angeles-based credit union into conservatorship. The NCUA was appointed conservator, ending a troubled saga.

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  Business Lending Losses Bring Down Telesis

  By Michelle A. Samaad  |  April 1, 2012

  Since at least 2010, Telesis Community Credit Union’s member business loan program has been in a downward spiral.

• Telesis CEO Grace Mayo a ‘Leader, Innovator’ Says Michigan CUSO CEO

  By Michelle A. Samaad  |  March 26, 2012

  At a time when credit unions were treading lightly, Telesis Community Credit Union was considered by some to be an early leader in the commercial lending space.

• Telesis Community Seizure Puts Focus on Fall From Grace

  By Jim Rubenstein  |  March 26, 2012

  Seizure of California credit union puts focus on career of Grace Mayo, CEO and industry leader.

• NCUA Conserves Telesis Community, Liquidates Saguache County

  By Marc Rapport  |  March 24, 2012

  The NCUA said Friday night it has assumed conservatorship of Telesis Community Credit Union in California and liquidated Saguache County Credit Union in Moffat, Colo.

• Credit Union CEO Paid Over $9.8 Million in 2010

  By David Morrison  |  March 23, 2012

  Payment to David Maus at $1.1 billion Public Service Employees CU in Denver represented retirement payout, credit union says.

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  California CUs: The Calm After the Storm

  By Natasha Chilingerian  |  March 4, 2012

  The Golden State’s credit unions may be nearing the end of their long journey to recovery. According to the California and Nevada Credit Union Leagues, California CUs made progress in 2011 in the areas of net income, net worth ratios, membership growth and loan performance.

• Over the Course of 20 Years, Women See They Are Making Headway

  By Lindsey Siegriest  |  March 24, 2010

  Twenty years ago Marla Shepard was interviewed by Credit Union Times for an article (CU Times, May 7, 1990) on the challenges and struggles of female CEOs in the credit union industry.