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.
The NCUA will consult with Congress on a possible legislative remedy to modernize the Central Liquidity Facility, according to the regulator’s annual report.
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.
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St. Louis corporate among first distributors of TRUST credit union mutual funds since new partnership was announced.
Illinois-based Alloya Corporate FCU announced Wednesday that its merger with Michigan's Central Corporate Credit Union is now complete.
National Cooperative Bank executive calls banks' BSA reasons for dumping credit unions "an excuse."
Kansas City judge says he'll wait for appeals court decision on bid to dismiss claims over failed securities.
Kansas City investment CUSO sends out letter saying CEO Brian Hague, EVP Doug Richardson, have left.
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.