Too much cash on hand cuts investment options. Learn how to better manage this non-earning asset.
Keeping too much cash on hand can cut into investment opportunities. Learn how to better manage this non-earning asset.
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.
Six months after Business Partners LLC, the member lending subsidiary founded by the failed Telesis Community Credit Union, changed owners, the CUSO is starting to emerge from a bleak and dark fog.
Reduction in overhead costs cited as largest contributor to CUSO's recent performance post-Telesis.
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.
When a litany of loan and management problems led to the demise of Telesis Community Credit Union earlier this year, the business lending CUSO it founded 17 years ago likely knew it would inherit a perception problem within the industry.
This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
Three credit unions form managing partner group to lead ownership of member business lending CUSO.
The Colorado Supreme Court has ruled that the now-defunct Norlarco Credit Union could not sue for the balance on a defaulted car loan.