Telesis Community 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.

• Business Partners Sees Hope

  By Michelle A. Samaad  |  May 1, 2013

  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.

• After CU Ownership Change, Business Partners Reaps Profits, Strong Capital

  By Michelle A. Samaad  |  April 22, 2013

  Reduction in overhead costs cited as largest contributor to CUSO's recent performance post-Telesis.

• 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.

• Telesis Failure Blamed on Management, Board, Regulators

  By Heather Anderson  |  March 27, 2013

  The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.

• 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.

• Inspector General Blames Management, Board, Regulators for Telesis Failure

  By Heather Anderson  |  March 21, 2013

  New report cites CEO's aggressiveness and risk-taking, compliant board, lax oversight in California credit union failure.

• Telesis Loss Review Reveals NCUA Will Raise Some Net Worth Requirements

  By Heather Anderson  |  March 21, 2013

  OIG says agency should amend capital rules to reflect higher risk in member business loan portfolio.

• Autoland Touts Profit

  March 8, 2013

  More business referrals from a growing roster of clients helped vehicle buying CUSO Autoland Inc. drive $93.2 million in loans to its credit union partners in 2012.

• Autoland Touts 2012 as Most Profitable Ever

  By Michelle Samaad  |  March 5, 2013

  Auto CUSO reports record year.