TITLE

NCUA: WesCorp BOD Abandoned Duties

AUTHOR(S)
Roberts, Ed
PUB. DATE
December 2010
SOURCE
Credit Union Journal;12/13/2010, Vol. 14 Issue 50, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the statements from the National Credit Union Association (NCUA) to the U.S. federal court on a pleading that could create broad ramifications for WesCorp Federal Credit Union (FCU) officers and directors of failed corporate credit unions.
ACCESSION #
56457106

 

Related Articles

  • Final WesCorp Losses Released. Roberts, Ed // Credit Union Journal;11/22/2010, Vol. 14 Issue 47, p3 

    The article focuses on the "Material Losses Review" report of the National Credit Union Association (NCUA) which presents the estimated five billion dollars of final losses of the WesCorp Federal Credit Union (FCU) due to the purchase of greater than 600 million dollars of collateralized debts.

  • Biggest Offering Of Corporate Bonds Launched By NCUA.  // Credit Union Journal;11/15/2010, Vol. 14 Issue 46, p27 

    The article reports that the National Credit Union Association (NCUA) had launched the cash flows on the residential mortgaged-backed securities (MBS) from four corporations including the U.S. Central Federal Credit Union (FCU), WesCorp FCU, and Members United Corporate FCU.

  • CALENDAR.  // Credit Union Journal;2/26/2007, Vol. 10 Issue 8, p6 

    The article presents schedule of events related to credit unions in the U.S. compiled as of February 2007. WesCorp's Financial Strategies Conference and Hawaii CUES Rainbow Council Annual Update will be held in Honolulu on March 7-9, 2007. The Credit Union National Association Council Annual...

  • Fallout From Conservatorships. Roberts, Ed // Credit Union Journal;3/30/2009, Vol. 13 Issue 13, p1 

    The article focuses on issues related with the takeover of the U.S. Central Federal Credit Union (FCU) and WesCorp FCU by the National Credit Union Association (NCUA). NCUA chairman Michael Fryzel noted that the takeovers mean that NCUA could no longer trust the management and financial reports...

  • Caution Urged on Isolating Corporate Payment Systems. ANDERSON, HEATHER // Credit Union Times;2/25/2009, Vol. 20 Issue 8, p4 

    The article discusses the issue of National Credit Union Association's (NCUA) corporate restructuring proposal to implement isolated payments systems. It is stated that the NCUA is aimed at safeguarding corporates' ability to provide core services to members regardless of market conditions....

  • NCUA Levels Fraud Charges in Amended WesCorp Suit. Anderson, Heather // Credit Union Times;9/8/2010, Vol. 21 Issue 34, p1 

    The article reports that an amended complaint was filed by the National Credit Union (NCUA) Board adding charges and defendants to those who were filed originally by U.S. natural person credit union members in 2009. Allegations were made against WesCorp Federal Credit Union's Robert Siravo and...

  • CALENDAR.  // Credit Union Journal;1/8/2007, Vol. 10 Issue 1, p6 

    A calender of events for the credit unions in the year 2007 is presented. The annual meeting of the American Association of Credit Union Leagues will be held in California from January 17-20. WesCorp 2007 Women's Leadership Conference will be held in California from January 25-26. CUNA...

  • Explain NCUA's Plan to Your Board.  // CU360;6/1/2009, Vol. 35 Issue 10, p3 

    The article offers information that explains the importance and the nature of the corporate stabilization plan of the National Credit Union Association (NCUA) to corporate credit unions in the U.S. It notes that corporate credit unions or wholesale engage in the capital markets and corporates...

  • Corporate Crisis Doesn't Turn Many Heads With Public or in the Media. RUBENSTEIN, JIM // Credit Union Times;4/1/2009, Vol. 20 Issue 13, p4 

    The article focuses on the indifferent media response on the conservatorship of the U.S. Central Federal Credit Union and WesCorp Federal Credit Union by the National Credit Union Administration (NCUA). The crisis was overlooked by the local media and was not a front page news in the national...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics