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.
Seizure of California credit union puts focus on career of Grace Mayo, CEO and industry leader.
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.
Payment to David Maus at $1.1 billion Public Service Employees CU in Denver represented retirement payout, credit union says.
To help local communities by funding charities supported by partner credit unions, Autoland Inc. has created its Charitable Grant Program.
With some recent suggestions from both CUNA and NAFCU, the IRS may be one step closer to providing guidance on determining whether a retirement plan offered by federal credit unions are considered a governmental plan under the Internal Revenue Code.
Record-keeping error led to letter to several dozen credit unions saying they were no longer tax-exempt.
CUNA, NAFCU offer agency feedback on definition of "governmental plan."
The Wisconsin Credit Union League has launched a website designed to help consumers avoid high-cost loans tied to tax refunds.
I think that Newt Gingrich may be right about credit unions being government-sponsored enterprises. Consultant Dennis Dollar and others have criticized the presidential candidate and former speaker of the House for describing credit unions as GSEs.