Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Members gain back control of their Omaha CU
ALEXANDRIA, Va. (12/18/07)—Control of an Omaha, Neb. federal credit union, whose board of directors and CEO were removed after a 2005 loss of $416,203--$391,000 of which was in the fourth quarter—has been placed back in the hands of its members, according to the National Credit Union Administration (NCUA). During a 22 months in conservatorship, “all material concerns” of $28 million-asset Union Pacific Streamline FCU were resolved, according to federal regulators. The credit union was placed into conservatorship Feb. 16, 2006, with the goal of returning the credit union operation to its approximately 7,000 members. At that time, Steven R. Slater, president/CEO, and Trudi Stastny, executive vice president, were placed on administrative leave. The NCUA also removed the credit union's board of directors after its examiners found problems with the $38 million asset credit union's performance.


RSS print
News Now LiveWire
Hope FCU 'exceptional' in minority service: @GOBankingRates.com #NewsNow http://t.co/yp1JsKmGo0
6 hours ago
.@wpcu in the running for Dayton Brand Madness 2014 @DBJnews http://t.co/waOSDAGUtr
7 hours ago
.@NW_Banking looking for #creditunion entries for #CUFinLit contest to fund through http://t.co/E6GFvjd5XW
8 hours ago
#NewsNow: Fannie Mae, Freddie Mac consider VantageScore for alternate credit model. http://t.co/611II7AcKD
8 hours ago
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
9 hours ago