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By Claude R. Marx |
December 1, 2010
WesCorp's management didn't manage risk well and invested too heavily in residential mortgage-backed securities, while NCUA examiners failed to "adequately and aggressively," address the risks.
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By Claude R. Marx |
November 19, 2010
The NCUA turned over 750,000 pages of documents about its handling of U.S. Central Corporate Credit Union to Corporate America Credit Union, which is suing former directors and executives of U.S. Central.
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November 12, 2010
The Association of Corporate Credit Unions today announced that a CUSO will be formed for credit unions payment systems.
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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.
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October 20, 2010
The NCUA repaid $10 billion plus interest to the Treasury Department yesterday using proceeds from selling performing assets of U.S. Central and WesCorp.
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October 13, 2010
The NCUA repaid $10 billion plus interest to the Treasury Department yesterday using proceeds from selling performing assets of U.S. Central and WesCorp.
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October 6, 2010
The revelation that NCUA sold $800 million worth of U.S. Central FCU and Western Corporate FCU securities in mid-September
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By Heather Anderson |
September 24, 2010
NCUA's sale of $800 million worth of U.S. Central FCU and Western Corporate FCU securities announced yesterday wasn't part of the regulator's legacy assets plan.
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By Heather Anderson |
September 22, 2010
This week, small corporate credit unions whose business models have historically depended upon U.S. Central FCU meet to hear from new providers.
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By Michelle A. Samaad |
May 19, 2010
Rapid asset growth had proved to be a problem for MaPS Credit Union.
