Corporate Credit Unions

S&P Suit Cites Failed Eastern Financial Florida CU Investments

FEB 5, 2013 11:59am ET

LOS ANGELES Ė The Justice Departmentís suit against Standard & Poorís targets several failed credit union deals among the more than two dozen collateralized mortgage obligations, or CDOs, the Wall Street agency allegedly rated falsely, causing two of the biggest credit union failures ever, WesCorp FCU and Eastern Financial Florida...

To continue, please sign in or subscribe
Free 14-Day
  • 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
  • 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?
Remember me