adminNCUA recently settled on a $29 million offer of judgment from Credit Suisse as partial recompense for poorly funded residential mortgage-backed securities purchased by two failed corporate credit unions — Members United and Southwest Corporate...
On April 5, JP Morgan Chase CEO Jamie Dimon wrote on Op-ed in the Wall Street Journal about how the financial industry relies on the interdependence of banks of all sizes. The Op-ed pointed out how large banks are good for smaller, regional banks...
The Federal Reserve Bank of New York recently released survey results for 2015 lending to small businesses. The survey found that credit unions scored the second best satisfaction rating; just behind small banks. This was quite a feat considering 43...
The Florida delegation is losing a longtime member this fall. Rep Ander Crenshaw (R), representing Florida’s fourth district (Jacksonville), released a statement laying out his reasons for not seeking re-election in November. “After a...
Tropical Financial Credit Union, based in Miramar, FL, was featured in the April edition of the Credit Union Business magazine. The magazine’s editor and publisher wrote a column on the success of Tropical Financial CEO Rich Helber in making...
Recoveries from Wall Street firms have now reached $3 billion for the NCUA following a settlement with Goldman Sachs. The NCUA will received $575 million from Goldman Sachs for faulty mortgage-backed securities that were sold to five corporate...