Louisiana Corporate Credit Union has emerged victorious from a decade-long suit involving the liquidation of National Century Financial Enterprises. The corporate, in an announcement last week, said it has agreed to a $600,000 settlement with Credit Suisse, the last remaining defendant in the securities fraud case.
CEO David Savoie says 98% of losses recovered. Legal fees at 10% sharply lower than NCUA contingent fees.
The $3.4 billion Corporate America Credit Union and the $185 million Louisiana Corporate Credit Union announced Sept. 17 that they have called off their merger plans.
Corporate America Credit Union and Louisiana Corporate Credit Union announced late Monday they have called off their merger.
Two member credit unions say they aren’t running for the exits at Corporate America Credit Union following the July 3 announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate. However, they expressed disappointment and concern that the maverick and charismatic leader will no longer lead the Irondale,...
Members, merger partner stick around following last week’s announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate.
At first glance, Louisiana Corporate CU’s 2011 financial report shows an institution that increased total capital by $442,565 over the previous year, for a total of $8.9 million. However, the $218 million corporate will have to contend with $2.2 million worth of membership capital shares on notice.
Louisiana Corporate boosts capital while preparing payments exit from U.S. Central and awaiting merger with Corporate America.
LT to replace ACH services now coming from U.S. Central Bridge.
Corporate CU merger in Louisiana keeps moving forward.