Former WesCorp CFO had joined Maryland credit union in 2010.
The NCUA announced last week at its monthly board meeting that credit unions’ assessment for the Temporary Corporate Credit Union Stabilization Fund would be a mere eight basis points. The total bill for credit unions comes to $701 million, or approximately $100,000 on average per credit union, for 2013. It’s...
Aug. 28 deadline now for filing of opening briefs in appeal of dismissal of NCUA suit against British investment bank.
It has an endless supply of funding: your credit union’s money.
Judge Wu says agency waited too long to file claim over failed securities, same reason Kansas City case was dismissed.
Federal judge in Kansas City cites statute of limitations in corporates collapse case.
Amy Rapp said her group now has 16 workshops and plans to add more presenters and more curriculum.
According to legacy asset loss estimates provided to Credit Union Times by the NCUA, investments made by Western Corporate FCU are generating far more losses than those that were made at other failed corporates.
As of year-end 2012, WesCorp’s estimated losses were $5.7 billion, representing 84.4% of the nearly $6.8 billion in total estimated legacy asset losses.
Some wise person once wrote, “If we always do what we have always done, we will always get what we always got.”