Louisiana

• Savoie Likes Louisiana Corporates Numbers

  By Heather Anderson  |  May 21, 2012

  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.

• One-Quarter of LaCorp MCS Is on Notice, But Savoie Likes His Numbers

  By Heather Anderson  |  May 14, 2012

  Louisiana Corporate boosts capital while preparing payments exit from U.S. Central and awaiting merger with Corporate America.

• Bonds-Hunt Feud Shroud Merger Delay for Corporate America, LaCorp

  By Heather Anderson  |  May 7, 2012

  Is a personal feud between Corporate America Credit Union CEO Thomas Bonds, who took a leave of absence from his post last month, and NCUA Office of Corporate Credit Unions Director Scott Hunt the reason behind the delay in NCUA approval of a merger between the $3.7 billion Corporate America...

• Baton Rouge Credit Unions Swap Refinery Branch Hit By Katrina

  By Jim Rubenstein  |  April 4, 2012

  Pelican State turns site over to Eagle FCU at Chalmette refinery.

• Telesis Takeover Puts Member Business Lending on Trial

  By Jim Rubenstein  |  April 1, 2012

  After years on a regulatory watch list, NCUA and the California Department of Financial Institutions finally pulled the plug last week on the $318 million Telesis Community Credit Union, placing the Los Angeles-based credit union into conservatorship. The NCUA was appointed conservator, ending a troubled saga.

• Hope Federal Credit Union Opening Former Mississippi Bank Branch

  By Jim Rubenstein  |  March 28, 2012

  Jackson, Miss., CDCU takes over another former bank branch to help serve under served areas.

• Telesis Community Seizure Puts Focus on Fall From Grace

  By Jim Rubenstein  |  March 26, 2012

  Seizure of California credit union puts focus on career of Grace Mayo, CEO and industry leader.

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  Relevant, Solvent, Fiserv CU President at GAC: Onsite Coverage

  By Marc Rapport  |  March 19, 2012

  WASHINGTON — Amidst a wave of change, credit unions need to concern themselves as much with remaining relevant as they do remaining solvent.

• Chevron FCU, Spectrum FCU Merger Advances

  March 11, 2012

  Having won NCUA approval, the $1.7 billion Chevron Federal Credit Union of Oakland, Calif., said it is merging with the $175 million Spectrum FCU of San Francisco in a deal set for final completion this September following a March 28 member vote.

• Lending Tools Inks ACH Pact with LaCorp

  By Robert McGarvey  |  March 5, 2012

  LT to replace ACH services now coming from U.S. Central Bridge.