The bank lobby took the opportunity Friday to point to a credit union failure as a reason to keep the current MBL cap.
After years of losses from business lending, Telesis Community Credit Union was liquidated Friday and sold to Premier America Credit Union.
The Great Depression and the decades leading up to it forced many to look beyond their comfort zones just to be able to survive another day.
Coming from the banking industry with nearly 30 years of experience, Terry McHugh said it never ceases to amaze him on just how different credit unions are.
The new interim president of Business Partners LLC said the business lending CUSO is on track to continue growing this year.
Conserved California credit union continues five-year string of losses.
Profitable for eighth consecutive year, with new interim president in place.
Many unanswered questions continued to swirl last week over the causes, fate and future course of the conserved $318 million Telesis Community Credit Union.
The $1.3 billion Premier America Credit Union has contracted with the NCUA to manage the assets of the seized $318 million Telesis Community Credit Union. Both credit unions are based in Chatsworth, Calif.