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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.
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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.
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By Michelle A. Samaad |
April 22, 2013
Reduction in overhead costs cited as largest contributor to CUSO's recent performance post-Telesis.
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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.
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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.
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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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By Heather Anderson |
March 21, 2013
New report cites CEO's aggressiveness and risk-taking, compliant board, lax oversight in California credit union failure.
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By Heather Anderson |
March 21, 2013
OIG says agency should amend capital rules to reflect higher risk in member business loan portfolio.
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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.
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By Michelle Samaad |
March 5, 2013
Auto CUSO reports record year.
