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Thursday, October 23, 2014
Financial Performance

NCUA Pegs Telesis Losses At $72 Million

JAN 8, 2013 1:40pm ET

ALEXANDRIA, Va. – NCUA said today that last year’s liquidation of Telesis Community CU, the year’s biggest failure, is projected to cost the National CU Share Insurance Fund losses of around $72 million, most of it on bad member business loans made by the one-time $615 million Chatsworth, California, credit...

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