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.
The Board of Directors of Corporate America Credit Union announced late Tuesday that it has accepted President/CEO Thomas Bonds’ resignation.
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...
Correspondence between Alabama, federal regulators say OCCU Director Scott Hunt told Corporate America CEO to quit talking to media or the agency "would not support CACU."
Two ad hoc industry groups, one in Michigan and the other in Tennessee, that have been among the most vocal in lambasting NCUA policies on corporates, salaries and compliance all year, held firm in their critical stands again last week. And they issued new complaints.