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Perlitsh Comments on WesCorp Suit

By Heather Anderson

Stuart Perlitsh, CEO of Glendale Area Schools Federal Credit Union, said his board of directors voted to recover its WesCorp capital losses, some $1.24 million, because members deserve accountability from those responsible.

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WesCorp Suit Alleges Negligence, Breach of Fiduciary Duty

Seven mid-sized credit unions filed a negligence and breach of fiduciary duty suit in Los Angeles County Superior Court against officers and directors of failed $18 billion Western Corporate Federal Credit Union.

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November 24, 2009

GE Capital Fleet, CUDL to Help CUs With Repossessed Assets

To help credit unions remarket their repossessed assets, auto lending CUSO CUDL and GE Capital Fleet Services have inked a deal to make it happen.

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November 24, 2009

Mich. CU Shows Spirit of Giving

It pays to do give back. For the past 100 days Co-op Services Credit Union has been sparking the giving spirit in Southeast Michigan.

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November 24, 2009

New Orleans CU Rolls Out Payday Alternative

The $98 million Greater New Orleans Federal Credit Union has announced the roll out of a program designed to help members avoid having to use payday lenders.

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November 24, 2009

SELCO Awards $23K to Area Schools

SELCO Community Credit Union has awarded 95 grants of up to $250 each for a total of $23,037 to help teachers supplement funding to K-12 classrooms.

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November 24, 2009

Fort Hood Donations Top $17,000

Credit union donations supporting families of the victims of the Nov. 5 shooting at Fort Hood, Tex., have now climbed past $17,000, the Texas Credit Union League reported.

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November 24, 2009

Goldman Sachs Program Includes CDFIs

In yet another move to give small businesses more tools to help turn the economy around, Goldman Sachs Group Inc. has launched a $500 million initiative that could include credit unions.

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Top News Stories

Perlitsh Comments on WesCorp Suit

First CU Kicks Off $50 Million Loan Blitz

CU Leader Goes to the Roof for Her Causes

Recommended Just For You

News Stories

WesCorp Suit Alleges Negligence, Breach of Fiduciary Duty

GE Capital Fleet, CUDL to Help CUs With Repossessed Assets

Mich. CU Shows Spirit of Giving

New Orleans CU Rolls Out Payday Alternative

SELCO Awards $23K to Area Schools

Fort Hood Donations Top $17,000

Goldman Sachs Program Includes CDFIs