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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.
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By Marc Rapport |
May 24, 2012
Final step is meeting capitalization goal of $75 million.
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By Heather Anderson |
May 24, 2012
Most credit union leaders decline comment on order against failed corporate leaders but some criticism emerges.
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By Heather Anderson |
May 23, 2012
Credit unions holding out hope the NCUA will extend the corporate share guarantee beyond Dec. 31 should start making other plans.
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By Heather Anderson |
May 21, 2012
Government Accountability Office verifies NCUA’s projected loss estimates for corporate credit union legacy assets, says agency met its recommendations.
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By Heather Anderson |
May 21, 2012
At first glance, Louisiana Corporate CU’s 2011 financial report shows an institution that increased total capital by $442,565 over the previous year, for a total of $8.9 million. However, the $218 million corporate will have to contend with $2.2 million worth of membership capital shares on notice.
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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.
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By Heather Anderson |
May 18, 2012
Two former CEOs have been banned from working again for corporates but are allowed to work elsewhere in the industry.
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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.
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By Heather Anderson |
May 14, 2012
Louisiana Corporate boosts capital while preparing payments exit from U.S. Central and awaiting merger with Corporate America.
