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WesCorp Suit Has Long Defendant List

By Heather Anderson

Western Corporate Federal Credit Union defendants sued by seven mid-sized credit union members include the seized institution's entire board of directors and supervisory committee as well as two volunteers who had already left the board.

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New Home Sales Increased in October

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Suit: WesCorp's Borrow Short, Invest Long Strategy Was Negligence

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November 24, 2009

Perlitsh Comments on WesCorp Suit

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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November 24, 2009

First CU Kicks Off $50 Million Loan Blitz

As many financial institutions have stepped away from lending, First Credit Union is letting potential borrowers know that there is an alternative with its $50 million loan-a-thon.

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November 24, 2009

CU Leader Goes to the Roof for Her Causes

Long-time credit union and development organizer Carol Schillios recently raised roughly $92,000 for her work in Africa- by spending 113 nights on the roof of a building in Edmonds, Wash., according to The Seattle Times.

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November 24, 2009

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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Top News Stories

WesCorp Suit Has Long Defendant List

New Home Sales Increased in October

Suit: WesCorp's Borrow Short, Invest Long Strategy Was Negligence

Recommended Just For You

News Stories

Perlitsh Comments on WesCorp Suit

First CU Kicks Off $50 Million Loan Blitz

CU Leader Goes to the Roof for Her Causes

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