Posts Tagged ‘Credit Union Failure’

Arizona Bank is the Fifth Bank Failure of the Year

Arizona Bank is the Fifth Bank Failure of the Year

by Ken Tumin One small Arizona bank was closed today by state regulators. This is the first bank failure since one month ago, and it's the fifth bank to fail in the country this year. [...]

Two Lessons from the Telesis Community Credit Union Failure

by Anthony Demangone NCUA's Office of Inspector General recently published a Material Loss Review (, 32 pages) that serves as a postmortem on the failure of Telesis Community Credit Union.  You really should read [...]

4 Lessons Learned From Telesis Failure

BY MICHELLE A. SAMAAD As the one-year anniversary of the conservatorship of Telesis Community Credit Union approaches, credit unions may find there are still more lessons to learn from the cooperative’s collapse. Larry Middleman, [...]

One Bank and Two Credit Unions Closed by Regulators

by Ken Tumin After four weeks without any bank failures, one small bank failed this Friday. With the holidays fast approaching, this might be the last one for the year. The failed bank was Community [...]

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