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By Michelle A. Samaad |
March 30, 2012
More than a week after Space Coast Credit Union announced its mortgage securities lawsuit against several Wall Street banks, a judge ordered mediation.
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By Michelle A. Samaad |
March 19, 2012
The $3 billion Space Coast Credit Union recently filed suit against Merrill Lynch, Wachovia Capital, Barclays Capital, Lehman Brothers’ former CEO Richard Fuld and major U.S. credit rating agencies, Standard & Poor’s and Moody’s, alleging that the defendants caused more than $100 million in losses to Eastern Financial Florida...
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By Michelle Samaad |
March 12, 2012
Doug Samuels, president/CEO of Space Coast Credit Union, knows its mortgage securities suit against several Wall Street giants may be an arduous undertaking.
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By Michelle A. Samaad |
March 12, 2012
Florida CU names Wells Fargo, J.P. Morgan, Merrill Lynch and others for creating phony demand for residential mortgage loans.
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By Emily M. Hollis |
September 7, 2011
The NCUA has been requesting comments on a proposal to permit credit unions to engage in certain derivative activities. Now that the agency has closed the comment period and is reviewing those letters, it’s important to keep a few key points in mind when asking, should credit unions be able...
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By Richard M. Johnson |
August 31, 2011
Forty years ago, credit unions created something that actually turned out to be a miracle: the corporate credit union system.
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By Richard M. Johnson |
August 28, 2011
Forty years ago, credit unions created something that actually turned out to be a miracle: the corporate credit union system.
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By Debbie Matz |
July 24, 2011
One year ago this month, President Obama signed the landmark Wall Street Reform and Consumer Protection Act, also called the Dodd-Frank Act, into law. In reflecting on this important milestone, we should remember why we needed to act to restore the public’s trust in our financial system and what has...
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By Michelle A. Samaad |
November 17, 2010
The frustration with representatives pushing products on members who did not really need or want them was behind SAC Federal Credit Union's decision to rethink the positioning of its investment services program.
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By Heather Anderson |
August 11, 2010
Corporate America Credit Union President/CEO Thomas Bonds expects to sell the last of his private-label mortgage-backed
