The NCUA would not confirm an Oct. 21 report that it has agreed to a tentative settlement with JP Morgan over mortgage-backed securities sold to failed corporate credit unions. The NCUA filed suit against JP Morgan Securities in June 2011, seeking to recover more than $800 million in losses to...
It’s been about a year since two employees at the $1.6 million Enterprise Credit Union pleaded guilty to embezzling almost $1 million over a period of 10 years, but the topic still fuels the gossip mill in the small Kansas town. And, according to one prominent resident, the incident reduced...
“Once you break that type of trust, there’s no turning back.”
Agency declines to comment on accuracy of published report about settlement over failed securities, corporates.
Credit union advances one more step toward what is becoming a trend: credit unions buying banks.
Cleveland judge says agency justified in denying an additional $250,000 in deposit insurance to church that lost funds in fraud case, collapse.
Respondents air it out in trade group's survey. NAFCU says it's seeking transparency.
Mark Fetcher doesn’t care why New London Security Federal Credit Union failed back in 2008.
Vincas Urbaitis, a former board director of the now-shuttered Taupa Lithuanian Credit Union, said he has been doing a lot of thinking lately about how he and six board members were double-crossed by Alex R. Spirikaitis, their former CEO.
This preview from our Aug. 14 print edition looks at how board members of the failed credit union say they were misled by fugitive CEO.