CEO of Conserved Empire Financial FCU Calls NCUA's Actions 'Totally Unwarranted'

Former CU CEO and NCUA examiner Gerald Goldenbroit says he was dismayed when he received the conservation notice.

By Peter Strozniak | May 25, 2021 at 05:50 PM

The NCUA on Monday conserved the $3 million Empire Financial Federal Credit Union, which was managing unsecured loans, primarily Paycheck Protection Program loans, totaling $1,634,968 in 2020 compared to just $54,171 of unsecured loans in 2019.

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Regulatory & Compliance

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CU on a Mission to Make Housing Affordable

By Michael Ogden | July 26, 2024

Leadership at Great Basin FCU is involved in a new initiative to make housing affordable for members in Nevada.

CU on a Mission to Make Housing Affordable

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

By Peter Strozniak | July 26, 2024

Although Washington state regulators gave the deal a green light, decisions from the NCUA and FDIC are pending.

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

Space Coast Sells $669 Million in Auto Securities

By Jim DuPlessis | July 26, 2024

The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday.

Space Coast Sells $669 Million in Auto Securities

Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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