Telesis Community Credit Union

Loan Broker Relationships Put CUSOs in the Spotlight

By Michelle A. Samaad | February 27, 2013

In 2012, the NCUA reported nearly 1,500 federally insured credit unions had loan participations with total balances of nearly $13 billion.
Telesis Tab Reaches $72 Million

January 16, 2013

The NCUSIF has taken an estimated hit of $72 million due to the failure of Telesis Community Credit Union, NCUA Public Affairs Specialist John Fairbanks said Tuesday.
Telesis Tumble Tab Reaches $72 Million for NCUSIF

By Heather Anderson | January 8, 2013

NCUA says $177 million also put into Premier America purchase and assumption deal for failed credit union's leftovers.
Examiners Moved Out From the Shadows

By Heather Anderson | December 19, 2012

The list is long on 2012 news and actions emanating from the NCUA: CUSO loan participations rules, an easier op-in process for low income credit union designation, a 6.1% increase in the agency’s budget for the next fiscal year and the October departure of Gigi Hyland.
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.
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.
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.
New Owners Seek to Rebuild Business Partners Brand

By Michelle A. Samaad | December 5, 2012

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.
New Owners Seek to Rebuild Business Partners Brand: Print Preview

By Michelle A. Samaad | November 29, 2012

This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
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.