Premier America Credit Union

• Business Partners CUSO Has Loyal Customer in Sierra Point CU

  By Michelle A. Samaad  |  May 15, 2013

  By the 1990s, the lending landscape in South San Francisco had changed considerably since a group of teachers came together in 1954 to charter a new credit union for access to small, personal loans.

• More Lessons Emerge With Details on Telesis Collapse

  By Michelle A. Samaad  |  April 3, 2013

  While it’s been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperative’s collapse.

• 4 Lessons Learned From Telesis Failure

  By Michelle A. Samaad  |  March 21, 2013

  Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.

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  Year of Progress Pockmarked With Disasters and Missteps

  By Donald Shoultz  |  December 19, 2012

  A week after super storm Sandy slammed into the East Coast, New Jersey Gov. Chris Christie looked ahead to preparations for a nor’easter that was due to dump snow and rain on the already reeling Northeast.

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  Telesis Took a Belly Flop

  By Michelle A. Samaad  |  December 19, 2012

  The NCUA announced on April 2 that it has contracted with the $1.3 billion Premier America Credit Union to manage the assets of the $318 million Telesis Community Credit Union during Telesis’s conservatorship. Both credit unions are based in Chatsworth, Calif.

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  The Year that Was ... 2012: Print Preview

  By Donald Shoultz  |  December 13, 2012

  Disasters and missteps are just some of the highlights in this early look at our Year in Review print issue out next week.

• Altura CU Touts Latest Financials Despite MBL Hit

  By Michelle Samaad  |  November 21, 2012

  A year ago, unemployment was 14% around the Inland Empire in California, much higher than the national average.

• Telesis Co-Owned Business Partners CUSO Announces New Owners

  By Michelle A. Samaad  |  November 20, 2012

  Three credit unions form managing partner group to lead ownership of member business lending CUSO.

• No Word On Sale of Autoland

  By Michelle Samaad  |  November 5, 2012

  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.

• Altura Credit Union Net Income Drop Tied to Business Lending CUSO Impairment Charge

  By Michelle A. Samaad  |  October 25, 2012

  Investment in CUSO drives net income down at California credit union.