It was more than five years ago – March 2009 – when the NCUA seized WesCorp and U.S. Central, and thus began a shakeup that would completely redraw the map of corporate credit unions and their spokes. That story has been told, extensively, in CU Times.
Catch up with three former corporate leaders: Thomas Bonds, Francois Henriquez and Brian Hague.
According to Federal Judicial Center data, Fair Labor Standards Act suits are up 237% in just 10 years.
John Dee Carruth, CEO of Alabama One, speaks out about his temporary suspension, lawsuits against the credit union and a short annual meeting.
Larry Morgan says he'd rather spend time with family. Gov. Bentley appoints an interim ACUA head. Attorneys in Alabama One lawsuits also speak.
The Alabama One CU, target of a fraud investigation, says the ACUA was manipulated by trial lawyers when it suspended, then reinstated, four employees.
The price was right for one New Mexico credit union to join the lawsuits filed against Target over the massive Target card breach.
This Opinion piece advises on how, and why, to upgrade commercial loan closing practices at credit unions.
Federally insured credit unions could potentially receive a rebate on corporate assessments, according to a Feb. 12 release from the NCUA. However, the final tally won't come until 2021, the regulator cautioned.
NCUA officials still won't reveal the net amount received from the JPMorgan settlement. But their excuse sounds credible.