Tuesday, May 21, 2013
NCUA Pegs Telesis Losses At $72 Million
January 8, 2013
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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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