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By Heather Anderson |
June 11, 2012
The California Department of Financial Institutions liquidated the $301 million Telesis Community Credit Union of Chatsworth, Calif., June 1 and appointed the NCUA as liquidating agent. The $1.3 billion Premier America Credit Union of Chatsworth, Calif., which had been managing Telesis since mid-April, purchased and assumed Telesis’ members, deposits, core...
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By Heather Anderson |
June 4, 2012
The NCUA has retained the liquidated Telesis Community Credit Union’s CUSO shares, an agency spokesman said, but he did not know its future plans.
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By Jim Rubenstein |
April 22, 2012
Many unanswered questions continued to swirl last week over the causes, fate and future course of the conserved $318 million Telesis Community Credit Union.
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By Robert McGarvey |
July 27, 2011
Federal judge drops charges against outside directors in big corporate's collapse.
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By Robert McGarvey |
July 11, 2011
Judge says he plans to dismiss NCUA complaints against former directors, continue them against execs of failed corporate.
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By Robert McGarvey |
February 25, 2011
The NCUA's recently filed amended complaint in its court battle with Siravo, et al., runs for 63 pages, but four words in bold on the front page sum up the document: Demand for Jury Trial.
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By Robert McGarvey |
January 19, 2011
It's not over until it's over.
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By Claude R. Marx |
November 2, 2010
Attorneys for CUNA President/CEO Bill Cheney and other former WesCorp directors and one former executive asked a judge to dismiss NCUA's lawsuit alleging a breach of fiduciary duty and negligence.
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By Heather Anderson |
September 8, 2010
The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint
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By Heather Anderson |
August 31, 2010
The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint today in U.S. District Court that alleges more serious charges than those originally filed.
