U.S. Central Federal Credit Union

• Some Critical of NCUA’s Cease and Desist Against Corporate Leaders

  By Heather Anderson  |  May 24, 2012

  Most credit union leaders decline comment on order against failed corporate leaders but some criticism emerges.

• Bonds Insists on Member Protection

  By Michelle A. Samaad  |  March 2, 2011

  When one of Thomas Bonds’ staffers recently pulled him aside with a grim expression on her face and said that he was needed in another part of the building, the mind of the president/CEO of Corporate America Credit Union started to race.

• Corporate Central Credit Union Declares Itself To Be In "Great Shape"

  By Robert McGarvey  |  December 22, 2010

  They are feeling good up in Muskego, Wis.--so good that Corporate Central Credit Union just put out a financials-laden press release trumpeting that it is in "great shape."

• Corporates Create Payment System CUSO

  By Michelle A. Samaad  |  December 1, 2010

  Credit unions may soon have another alternative for their payment system processing through a new CUSO scheduled for launch by the corporate credit union network.

• Corporate Network Developing Payment Systems CUSO

  November 12, 2010

  The Association of Corporate Credit Unions today announced that a CUSO will be formed for credit unions payment systems.

• Corporate America CU Seeks Audits

  By Michelle A. Samaad  |  October 27, 2010

  Records from BDO Seidman, the auditor of U.S. Central Federal Credit Union, have been subpoenaed by Corporate America Credit Union in its suit against the directors and officers of the corporate.

• NCUA IG Faults US Central Management and NCUA Oversight

  By Claude R. Marx  |  October 22, 2010

  The failure of U.S. Central Federal Credit Union was caused by the risky investment practices of its management and by insufficient examinations by the NCUA and weak regulation.

• NCUA Holding Special Meeting on Corporates and Legacy Assets

  By Claude R. Marx  |  September 16, 2010

  NCUA Chairman Debbie Matz announced today that the board will hold a special meeting on Friday, Sept. 24 at which it will unveil the final rule on corporate credit unions and announce its plans for dealing with the corporates' legacy assets.

• League President Cheney Named To Become CUNA President/CEO

  By Claude R. Marx  |  May 12, 2010

  Reaching inside the credit union movement following the tenure of a prominent outsider, CUNA last week named California-Nevada Credit Union League President Bill Cheney as its new leader.

• Hyland Report Supports Supplemental Capital and Stiff Safeguards

  By Claude R. Marx  |  April 21, 2010

  Allowing credit unions to raise supplemental capital that is counted toward net worth requirements is an "appropriate policy consideration,"