Corporate Credit Unions
CO-OP Financial Integrates U.S. Central’s Corporate Network eCom
Feb 07RANCHO CUCAMONGA, Calif. – CO-OP Financial Services yesterday said it has completed the acquisition of the assets of U.S. Central FCU’s Corporate Network eCom, LLC, including its online and mobile bill pay services, and all employees.
Mid-Atlantic Corporate Completes Merger With Virginia Corporate
Feb 06MIDDLETOWN, Penn. – Mid-Atlantic Corporate FCU said this afternoon it has completed the merger of Virginia Corporate FCU, the latest corporate combination creating a corporate credit union with $4.1 billion in assets serving more than 800 credit unions.
Judge Eyes Dismissal In Another NCUA Wall Street Suit
Feb 03WICHITA, Kan. – A federal judge issued a show cause order yesterday, jeopardizing NCUA’s suit against Wachovia Securities for the sale of failed mortgage backed securities to WesCorp FCU and U.S. Central FCU because NCUA has yet to legally serve the Wall Street bank, now a unit of Wells Fargo, more than two months after bringing the suit.
West Virginia Corporate Members Approve VolCorp Merger
Feb 02PARKERSBURG, W.Va. – Members of West Virginia Corporate CU overwhelmingly approved its combination with Volunteer Corporate CU, the final approval needed for the merger creating a $1.4-billion corporate serving 335 members.
NCUA Questions Judge’s Rebuff In Wall Street Suit
Jan 31ALEXANDRIA, Va. – NCUA said this morning it disagrees with yesterday’s tentative ruling by a federal judge dismissing its suit against RBS Securities in the failure of WesCorp FCU, a ruling that could jeopardize similar suits against JP Morgan Chase, Goldman Sachs and Wells Fargo for the sale of risky mortgage backed securities to five failed corporate credit unions.
NCUA’s Wall Street Suits Hang By A Thread
Jan 31LOS ANGELES – A federal judge on Monday indicated he plans to dismiss NCUA’s suit against RBS Securities for the sale of failed mortgage backed securities it sold to WesCorp FCU, a ruling that potentially jeopardizes all of NCUA’s claims against Wall Street banks for the failure of the five corporate credit unions.
More Corporate Credit Unions News
- Corporate Consolidation Speeds Up
- Court Sets Settlement Conference In NCUA’s WesCorp Suit
- Catalyst Corporate Adds Mobile Banking Solution
- JP Morgan: NCUA Defeats Its Case By Suing WesCorp Figures
- TriCorp FCU Signs Correspondent Services Deal With Lending Tools
- Judge Says NCUA Not On Trial In WesCorp Suit
- Corporate One Signs Merger Pact With Southeast Corporate
- Kentucky Corporate CU In Correspondent Deal With Lending Tools
- Alloya Corporate FCU Outsources Item Processing To VSoft
- NCUA Fights To Save Wall Street Suits
- U.S. Central ACH Fees To Increase 80% On July 1
- NCUA: Agency Oversight Not On Trial In Corp Suit
- Goldman Sachs Says Failed Corporates Didn’t Read The Fine Print
- NCUA Says It’s Not On Trial In WesCorp Case
- CORRECTION: CBO Figures On Corporate Resolution
- NCUA Sets Wind-Down Of U.S. Central
- GAO Critical of NCUA's Corporate Loss Projections
- VolCorp Inks Correspondent Deal With LendingTools.Com
- Congressional Auditors Fault NCUA Estimates On Corporate CU Losses
