Regulatory & Compliance

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

The NCUA on Monday liquidated the 18-month-old, $379,000 Shepherds Federal Credit Union in Charlotte, N.C., its fourth such move so far in 2012.

The NCUA on Monday liquidated the 18-month-old, $379,000 Shepherds Federal Credit Union in Charlotte, N.C., its fourth such move so far in 2012.

A separate SBA loan approval and repurchase program would be established for credit unions under a new bill.

The NCUA said Friday night it has assumed conservatorship of Telesis Community Credit Union in California and liquidated Saguache County Credit Union in Moffat, Colo.

In this preview of a GAC article from next week's print edition, CUNA's Bill Cheney, NCUA Board Chair Debbie Matz and others hold forth.