A bankruptcy court is scheduled to hear a case between the $1.2 billion Evangelical Christian Credit Union and Lehman Brothers Inc. on a foreclosed property in limbo as the investment firm revises its Chapter 11 bankruptcy plan.
Since the earliest days of American history, concerns about tax policy have prompted individuals and groups to express their opinions, sometimes in dramatic ways. The Pennsylvania State Employees Credit Union has never dumped tea into a harbor, but its political awakening began when Congress considered imposing taxes on credit unions.
John McKechnie began his first day on a Delaware beach in the summer of 2008 reading a front-page story in The Wall Street Journal about the serious financial problems facing some of the corporate credit unions.
The former chair of the NCUA, JoAnn Johnson, is going back to supervising credit unions. Johnson was named last week by Iowa Gov. Terry Branstad as the state's new superintendent in the Iowa Division of Credit Unions.
Former NCUA Chair JoAnn Johnson, slated to become Iowa's top credit union supervisor next week, said Wednesday she is prepared to field some tough questions about excessive regulation, but she also contends industry conditions remain quite positive.
The former chair of NCUA, JoAnn Johnson, was nominated Tuesday by Iowa Gov. Terry Branstad as superintendent of the state's Division of Credit Unions.
The fate of Corporate America Credit Union's securities fraud lawsuit against former U.S. Central Federal Credit Union executives and volunteers is now in the hands of an Alabama federal judge: the Hon. Inge Johnson.