It’s been six months since the NCUA put Telesis Community Credit Union’s stake in Autoland Inc.’s up for sale, but the agency is mum on where the bidding process now stands.
The NCUA is standing by its decision to limit bids for Autoland Inc., an auto buying CUSO, to only credit unions and CUSOs.
Nearly three months after the NCUA was appointed the liquidating agent for Telesis Community Credit Union, the agency has been working behind the scenes to divest the cooperative’s roughly $4 million stake in Autoland Inc., an auto buying CUSO.
The NCUA has been working behind the scenes to divest the former Telesis Community Credit Union's roughly $4 million stake in Autoland.
Now in its sixth month, the CAMEL rating stalemate in North Carolina between the NCUA and the North Carolina Credit Union Division morphed into new territory last week with Jim Blaine, the president/CEO of State Employees’ Credit Union, again attacking the NCUA’s credibility.
Last year, 29 NCUA employees made more than $201,000, an increase from 25 the year before, according to agency records.
Last year, 29 NCUA employees were paid more than $201,000 each. Get the full story in this Print Preview from next week's Credit Union Times.
SECU chief says regional director made false accusations, misrepresented North Carolina administrator.
State regulator disputes NCUA meeting account; SECU's Blaine lashes NCUA about "underpants on fire."
State agency says NCUA sending examiners from across the country to examine Tarheel State credit unions.