Southwest Corporate Federal Credit Union

• Kansas Judge Consolidates Two NCUA Securities Fraud Suits

  By Heather Anderson  |  June 6, 2012

  Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.

• J.P. Morgan Asks Court to Dismiss NCUA Suit

  By Claude R. Marx  |  November 6, 2011

  The NCUA has failed to prove that J.P. Morgan Securities the firm made “material misrepresentations” to the corporate credit unions when selling them residential mortgage-backed securities, according the firm’s court filing. And with that J.P. Morgan asked a federal judge to dismiss the agency’s June lawsuit against it.

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  Will NCUA Suit Force Banks to Settle?

  By Claude R. Marx  |  June 27, 2011

  See you in court. After failing to reach an agreement with two of the largest investment bank to recover losses from mortgage-backed securities sold to corporate credit unions, the NCUA last week filed civil lawsuits against RBS Securities, a Royal Bank of Scotland unit, and J.P. Morgan Securities. The agency is...

• Southwest Corporate Names 13 on Advisory Executive Panel

  By Jim Rubenstein  |  October 28, 2010

  The NCUA-conserved Southwest Corporate Federal Credit Union, seeking industry input on its next direction, has now whittled down its volunteer "advisory council" from 140 CU executives to a 13-member executive committee.

• Business as Usual for Now at Corporate-Owned CUSOs

  By Michelle A. Samaad  |  September 27, 2010

  The CUSOs owned by the three corporate credit unions placed in conservatorship Sept. 24 remain open for business today.

• The New Economy Forces Industry Leaders to Adapt

  By Lindsey Siegriest  |  July 21, 2010

  The economic environment over the past few years has produced rapid changes. Some changes have brought opportunity, others have brought hardship and tough times and some will continue to force credit unions to adapt.

• 'Benny' Signs On for Security Education Effort

  June 23, 2010

  An old face gets a new look in Southwest Corporate Federal Credit Union's new education effort aimed at helping credit unions tighten their computer security defenses.

• Old Face Goes High Tech in Security Education Effort

  By Marc Rapport  |  May 18, 2010

  An old face gets a new look in Southwest Corporate Federal Credit Union's new education effort aimed at helping credit unions tighten their computer security defenses.

• Ambac Restructuring Could Mean Bad News for Corporate-Held MBS

  By Heather Anderson  |  April 7, 2010

  The Wisconsin-based monoline insurer subsidiary of Ambac Financial Group has restructured its residential mortgage-backed securities guarantees into a separate,

• Ambac Moratorium Could Bring More Corporate OTTIs

  By Heather Anderson  |  March 29, 2010

  Ambac Assurance Corporation announced it restructured its residential mortgage backed securities guarantees into a separate "segregated account" after the Wisconsin Insurance Commissioner successfully petitioned to take control of the fund.