Credit Union Management

eDOC Innovations has added the $103 million Lakeview Credit Union in Neenah, Wis., as its 14th credit union owner, the CUSO and credit union said.

After years on a regulatory watch list, NCUA and the California Department of Financial Institutions finally pulled the plug last week on the $318 million Telesis Community Credit Union, placing the Los Angeles-based credit union into conservatorship. The NCUA was appointed conservator, ending a troubled saga.

I discovered that Credit Union Times coverage of Telesis Credit Unions conservatorship and the actions leading up to it were being used against credit unions efforts to expand the member business lending cap from 12.25% of assets to 27.5%.

Since at least 2010, Telesis Community Credit Unions member business loan program has been in a downward spiral.

What gets measured, will get done is a motto that has well served Jan Roche, president/CEO of State Department Federal Credit Union in Alexandria, Va.

Personnel news from across the country.