Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
Bankers may have a few holes in their anti-credit union business lending case if they’re looking at Texans Credit Union’s conservatorship.
It's not over until it's over.
The Appellate Division of the New York State Supreme Court yesterday granted MBIA's motion to dismiss a suit brought against it by a group of banks that had sought to block the transformation of the Armonk NY financial insurance company.
CUNA stressed Friday its one-day Corporate Summit meeting next week in Chicago that will bring together top trade, vendor and corporate brass is designed to develop a concrete, actionable plan to protect CU operations.
The financial crisis and recession had increased uncertainty about the safety of financial institutions. In addition, credit unions are generally less visible than banks.
The NCUA Board will miss its self-imposed deadline for a corporate restructuring rule and legacy assets plan at its September board meeting.
A combination of election year politics, budget constraints and Washington travel fatigue is putting a crimp into the traditional D.C. "Hike the Hill" treks conducted by state leagues during September.
Citing election year politics and budgetary constraints, a handful state credit union leagues appear to be dropping remaining Hike the Hills for this year.
CUNA depleted all of its membership capital shares-worth $941,000-in U.S. Central FCU, the association said.