John Zimmerman

• NCUA Hires Permanent Media Spokesman

  By Heather Anderson  |  July 6, 2012

  Agency gets full-time voice.

• NCUA CUSO Delay Confirmed, Dissected

  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.

• Telesis CUSO Shares Retained by NCUA

  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...

• NCUA Keeps Telesis’ CUSO Assets

  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.

• No Extension of Corporate Share Guarantee Into 2013: NCUA

  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.

• GAO Verifies NCUA’s Legacy Asset Loss Estimates

  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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  JPMorgan Fiasco Echoes Corporate Credit Union Meltdown

  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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  SECU’s Safety and Soundness Questioned by NCUA

  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.

• Banned Corporate Leaders Can Still Work at Natural Person CUs: NCUA Orders

  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.

• OIG Report Reveals NCUA Questions SECU’s Safety and Soundness

  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.