Quantcast
Miscellaneous

Exotic Mortgage Securities Sink Florida CU Giant Eastern Financial Deeper Into the Red

APR 20, 2008 10:04am ET

MIRAMAR, Fla. – Growing losses on exotic mortgage-backed securities have forced Eastern Financial Florida CU to submit new financials to NCUA showing even larger record losses for 2007 of $68.9 million.

To continue, please sign in or subscribe
Free 14-Day
Trial
  • Online access to premium credit union content
  • Daily and weekly e-newsletters with top headlines
  • Learn why thousands of credit union professionals rely on Credit Union Journal
No credit card needed
Digital
Subscription
  • Access to our Credit Union Journal mobile app
  • Special reports providing the latest industry information
  • High-level perspective and insights on credit union strategies and tactics
Have an account?
SIGN IN HERE
Remember me