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By Michelle A. Samaad |
May 1, 2013
Six months after Business Partners LLC, the member lending subsidiary founded by the failed Telesis Community Credit Union, changed owners, the CUSO is starting to emerge from a bleak and dark fog.
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By Michelle A. Samaad |
April 22, 2013
Reduction in overhead costs cited as largest contributor to CUSO's recent performance post-Telesis.
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By Michelle A. Samaad |
December 19, 2012
The NCUA announced on April 2 that it has contracted with the $1.3 billion Premier America Credit Union to manage the assets of the $318 million Telesis Community Credit Union during Telesis’s conservatorship. Both credit unions are based in Chatsworth, Calif.
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By Michelle A. Samaad |
December 5, 2012
When a litany of loan and management problems led to the demise of Telesis Community Credit Union earlier this year, the business lending CUSO it founded 17 years ago likely knew it would inherit a perception problem within the industry.
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By Michelle A. Samaad |
November 29, 2012
This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
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By Michelle A. Samaad |
November 20, 2012
Three credit unions form managing partner group to lead ownership of member business lending CUSO.
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By Peter Strozniak |
October 1, 2012
A close-up look at a dozen cases by insiders and members that cost credit unions more than $185 million, and often, their very existence.
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By Peter Strozniak |
October 1, 2012
A close-up look at a dozen cases by insiders and members that cost credit unions more than $185 million, and often, their very existence.
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By Michelle A. Samaad |
October 1, 2012
From rings of alleged thieves working together with an auto dealership and a police officer to get loans to buy cars to an equity skimming scheme used to buy luxury items, over the past few months, credit unions have been bilked in cases that end up costing millions of dollars...
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By Michelle A. Samaad |
August 27, 2012
Defendants in Pennsylvania case accused of fraudulently obtaining business loans in Indiana, California, Illinois.
