Corporates

• NCUA Report: Only 124 CUs Hold CLF Stock

  By Heather Anderson  |  May 14, 2013

  The NCUA will consult with Congress on a possible legislative remedy to modernize the Central Liquidity Facility, according to the regulator’s annual report.

• WesCorp’s Legacy Losses Outpace Other Corporates

  By Heather Anderson  |  May 13, 2013

  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.

• Mid-Atlantic Makes a Video 'FInection'

  By Heather Anderson  |  May 13, 2013

  The online video channel that provides financial reporting, economic updates and general information intended to educate and entertain.

• TRUST Mutual Funds Signs on Missouri Corporate CU

  By Michelle A. Samaad  |  May 3, 2013

  St. Louis corporate among first distributors of TRUST credit union mutual funds since new partnership was announced.

• Alloya-CenCorp Merger Completed

  By Heather Anderson  |  May 1, 2013

  Illinois-based Alloya Corporate FCU announced Wednesday that its merger with Michigan's Central Corporate Credit Union is now complete.

• NCB Nabs Southeast Corp’s Stewart to Woo CU Correspondent Clients

  By Heather Anderson  |  May 1, 2013

  National Cooperative Bank executive calls banks' BSA reasons for dumping credit unions "an excuse."

• Judge Orders Stay of Proceedings in Eight NCUA MBS Suits

  By Heather Anderson  |  April 30, 2013

  Kansas City judge says he'll wait for appeals court decision on bid to dismiss claims over failed securities.

• CNBS Loses Two Top Execs

  By Heather Anderson, Marc Rapport  |  April 25, 2013

  Kansas City investment CUSO sends out letter saying CEO Brian Hague, EVP Doug Richardson, have left.

• Banks Close Credit Union Correspondent Accounts

  By Heather Anderson  |  April 24, 2013

  As many as 30 credit unions in West Virginia and Ohio have been scrambling to establish new correspondent vendors after a regional and national bank terminated their accounts over the past few weeks.

• 

  DeGroodt to Retire from Missouri Corporate; CFO Gray to Succeed

  By Heather Anderson  |  April 23, 2013

  Dennis DeGroodt stepping down after 16 years at helm. Kitty Gray moving up after 14 years as chief financial officer at corporate.