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By Heather Anderson |
July 6, 2012
Agency gets full-time voice.
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By Heather Anderson |
June 21, 2012
NCUA spokesman confirms meeting cancellation was to delay release of rule so more work could be done. CUSO lawyer, NACUSO CEO approve.
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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 Heather Anderson |
May 23, 2012
Credit unions holding out hope the NCUA will extend the corporate share guarantee beyond Dec. 31 should start making other plans.
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By Heather Anderson |
May 21, 2012
Government Accountability Office verifies NCUA’s projected loss estimates for corporate credit union legacy assets, says agency met its recommendations.
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By Heather Anderson |
May 21, 2012
JPMorgan Chase’s $2 billion failed credit risk hedge is different than the investments that led to the corporate credit union crisis. However, there are also similarities, according to industry investment experts. Specifically, overleveraging and a drive for income that compromised risk management.
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By Heather Anderson |
May 21, 2012
An NCUA Office of Inspector General’s investigative report revealed that the federal regulator questions the safety and soundness of the $25 billion State Employees’ Credit Union, the nation’s second largest.
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By Heather Anderson |
May 18, 2012
Two former CEOs have been banned from working again for corporates but are allowed to work elsewhere in the industry.
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By Heather Anderson |
May 16, 2012
CEO Jim Blaine said nation's second-largest credit union is sound and that SECU "can't get a straight answer" from federal regulators.
