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Corporate System News

Corporates Report Less Red Ink Than in 2008

Submitted by user00 on February 3, 2010 |

Of the five corporates that have posted unaudited December and
year-end figures, three reported net losses and two net profits.
However, all are anticipating better bottom lines than those recorded
in 2008.

Statement: Credit union chief resigned for job opportunities - Las Vegas Review - Journal

Submitted by user00 on December 22, 2009 |

Statement: Credit union chief resigned for job opportunitiesLas Vegas Review - JournalRhamy is past chairman of Western Federal Corporate Credit Union, a corporate financial institution that regulators have seized. Rhamy didn't respond to a ...Read More

Corporates Spent Year Dealing With a Damaging First Quarter - Credit Union Times

Submitted by user00 on December 21, 2009 |

Corporates Spent Year Dealing With a Damaging First QuarterCredit Union TimesCorporate credit union investments took a nosedive early in 2009, and corporate network owners and regulators spent the rest of the year ...Read More

Corporates Roll the Dice - Credit Union Times

Submitted by user00 on December 21, 2009 |

Corporates Roll the DiceCredit Union TimesPete Pritts, CEO of the $963 million First Corporate Credit Union, said he attended the meeting and that corporate representatives brainstormed “proactive ...and more »

Proposed Corporate Rules Are a No-Go - Credit Union Times

Submitted by user00 on December 14, 2009 |

Proposed Corporate Rules Are a No-GoCredit Union TimesIn issuing its corporate credit union rule at last month's board meeting, the NCUA did demonstrate that it was listening to the many ...

Arrowhead Credit Union union expects to show 4Q profit - San Bernardino Sun

Submitted by user00 on December 6, 2009 |

Arrowhead Credit Union union expects to show 4Q profitSan Bernardino SunSan Dimas-based WesCorp Credit Union, a corporate credit union that provided liquidity and services to non-corporates, fell victim to its investments in ...and more »

Proposed Corporate Regs Are Long on Risk Management, Short on Structure - Credit Union Times

Submitted by user00 on November 30, 2009 |

Proposed Corporate Regs Are Long on Risk Management, Short on StructureCredit Union TimesIn the case of a state-chartered corporate credit union, the NCUA would consult with and seek to work cooperatively with appropriate state officials before ...Read More

Despite the Bumps in the Road, CUs Can Be Thankful - Credit Union Times

Submitted by user00 on November 30, 2009 |

Despite the Bumps in the Road, CUs Can Be ThankfulCredit Union TimesThe NCUA also came out with its official proposal for the corporate credit union restructuring. While credit unions, corporates and industry analysts are ...Read More

New Corporate Rules Focus on Capital, Investments, Disclosure - Credit Union Times

Submitted by user00 on November 23, 2009 |

New Corporate Rules Focus on Capital, Investments, DisclosureCredit Union TimesThe rules would also require all corporate credit union board members be a chief executive officer, chief financial officer or chief operating officer of a ...Read More