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...
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.
Many unanswered questions continued to swirl last week over the causes, fate and future course of the conserved $318 million Telesis Community Credit Union.
Federal judge drops charges against outside directors in big corporate's collapse.
Judge says he plans to dismiss NCUA complaints against former directors, continue them against execs of failed corporate.
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.
It's not over until it's over.
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.
The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint
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.