Three years after conservatorship, the $1.4B cooperative posts $21.7M year-end net income for 2014.
Credit unions that are tops in operating return on equity share stories of strategy and struggle.
David Addison, former CEO of Texans Credit Union, consented to not becoming an employee or hold office at FCUs or CUSOs.
It was more than five years ago – March 2009 – when the NCUA seized WesCorp and U.S. Central, and thus began a shakeup that would completely redraw the map of corporate credit unions and their spokes. That story has been told, extensively, in CU Times.
Catch up with three former corporate leaders: Thomas Bonds, Francois Henriquez and Brian Hague.
$1.4 billion credit union reported $23M net income and 3.64% net worth as of Dec. 31. NCUA's lawsuit against former CEO Addison ongoing.
Dobbs succeeds retiring Steve Dunham at $126 million Phoenix institution.
Kansas City investment CUSO sends out letter saying CEO Brian Hague, EVP Doug Richardson, have left.
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.
Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.