WesCorp

• Lane Requests Written Proof He Dictated WesCorp’s Investment Risk

  By Heather Anderson  |  June 29, 2012

  Former exec demands to see the documents.

• Schools Financial Replaces WesCorp With In-House System

  By Marc Rapport  |  June 28, 2012

  Sacramento credit union replaces processing work it had been doing with a failed corporate credit union with an in-house system from Bluepoint Solutions.

• Kansas Judge Consolidates Two NCUA Securities Fraud Suits

  By Heather Anderson  |  June 6, 2012

  Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.

• WesCorp Members Fish for a New Corporate

  By Heather Anderson  |  May 29, 2012

  Still suffering from the bite of losing all their Western Corporate FCU capital in 2009, credit unions report they are still capital shy when it comes to replacing corporate services.

• In Search of a Corporate Home: Print Preview

  By Heather Anderson  |  May 24, 2012

  WesCorp members seek new home for services, shy from staking new capital. Get the story in next week's print edition today in this print preview.

• 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.

• Former WesCorp Members Capitalize on Catalyst

  By Heather Anderson  |  May 21, 2012

  More than 300 credit unions deposit capital with $2.2 billion Texas corporate as transition also begins from U.S. Central ACH service.

• 

  JPMorgan Fiasco Echoes Corporate Credit Union Meltdown

  By Heather Anderson  |  May 21, 2012

  JPMorgan Chase’s $2 billion failed credit risk hedge is different than the investments that led to the corporate credit union crisis. However, there are also similarities, according to industry investment experts. Specifically, overleveraging and a drive for income that compromised risk management.

• Former WesCorp Chief Investment Officer Settles With NCUA, Banned From Corporates

  By Heather Anderson  |  May 17, 2012

  The NCUA’s settlement with former Western Corporate FCU Chief Investment Officer Robert Burrell has been finalized, court documents show.

• 

  California League Hires Dwight Johnston as Chief Economist

  By Heather Anderson  |  May 1, 2012

  Former WesCorp economist Dwight Johnston has a new home: the California and Nevada Credit Union Leagues.