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By Claude R. Marx |
December 20, 2011
This online only article accompanies the comprehensive looks at the year gone by in the Dec. 21 Year-in-Review print edition of Credit Union Times.
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By David Morrison |
July 17, 2011
The $8.1 million Vensure Federal Credit Union, the Arizona credit union that at one time made most of its money by processing transactions for Internet poker sites, is no more. The NCUA announced it has liquidated the Mesa-based credit union on July 11, the same day a court case...
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By David Morrison |
June 5, 2011
In a courtroom in the U.S. District Court for the District of Columbia last week, the NCUA tried to convince a federal judge to let it continue conserving Vensure Federal Credit Union.
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By David Morrison |
May 31, 2011
The NCUA is trying to convince a federal judge that it should be allowed to continue conserving Vensure FCU.
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By David Morrison |
May 16, 2011
The NCUA and Vensure FCU continue to slug it out in court. The NCUA contends Vensure had long questionable history. Vensure counter charged that NCUA conserved it out of embarrassment.
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By Sarah Snell Cooke |
May 4, 2011
Regulators are often the center of attention, but lately the NCUA has taken the spotlight. Unfortunately for the agency, it’s been low-hanging fruit.
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By David Morrison |
April 28, 2011
Vensure Federal Credit Union has a date in court, May 11, with the NCUA for the agency to show why its conservatorship should go forward.
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By David Morrison |
April 27, 2011
The closing of Vensure FCU raises questions about how NCUA supervised or failed to supervise a federally chartered CU.
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By David Morrison |
April 26, 2011
Arizona CU says it had disclosed relationship with Internet gambling payments processor, was in process of growing traditional services.
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By David Morrison |
April 18, 2011
Conserved CU booked no loans in 2010, made $1.8 million in fee income and has been linked to an online gambling prosecution.
