Lending

California credit union placed into conservatorship on Friday; questions remain whether overreach contributed.

California credit union placed into conservatorship on Friday; questions remain whether overreach contributed.

Several of Telesis Community Credit Union member business loan categories have been in a free-fall since at least 2010.

With a heavy concentration in member business loans, Telesis Community Credit Union may not have been prepared for fluctuations in that market.

Its been nearly two years since the passage of the Dodd-Frank Wall Street Reform Act, which for the first time since the Great Depression allows interest to be paid on business checking accounts.

After seeing monthly market shares from 18% to 24% just prior to the recession, credit union auto loan programs may be returning to those record levels.