My credit union lost $23 million when WesCorp failed so I can say I have 23 million reasons to want CAMEL ratings disclosed.
Lawsuits pile up against Wall Street banks in corporate collapses. Three settled so far.
Bluepoint Solutions Inc. has installed an in-house system at the $1.4 billion Schools Financial Credit Union in Sacramento, Calif., to replace the item processing work it had been doing with a failed corporate credit union.
80% of NCUA lawsuit claims waved forward after Kansas Federal District Court ruling.
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
The debate over the fate of small credit unions continued on CUinsight’s blog last week with Henry Meier of the Credit Union Association of New York interjecting that “the days of treating your examiner as your de facto compliance officer are over.”
Compliance is the cost of doing business and if you can’t bear those costs, you won’t be in business.
The NCUA on Saturday said that Western Bridge Corporate Federal Credit Union has been formally liquidated.
NCUA order allows Thomas Swedberg to work for natural person credit unions, but not corporates.
Former exec demands to see the documents.