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.
A little over a month ago, the NCUA unceremoniously brought to a close the four-year saga of the failure and conservatorship of U.S. Central, the one-time $52 billion corporate credit union.
Former U.S. Central Bridge Attorney Moves to Florida firm.
NCUA declares three-year corporate system rescue effort complete.
Calling it one more bait-and-switch operator, the NCUA sues Credit Suisse Securities in the collapse of corporate credit unions.
80% of NCUA lawsuit claims waved forward after Kansas Federal District Court ruling.
Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.
With the release to memos from the NCUA and U.S. Central, corporates are getting a better idea of how the corporates' corporate will wind down, and they're ready.
Corporates say they're ready; NAFCU's Becker says FOI request sent to NCUA to find out more.