Search
 

Brouhaha Shadows Improvements At Conserved Arrowhead CU

Its been 10 months since the NCUAs takeover of the once $900 million Arrowhead Credit Union of California, but the efficacy of the conservatorship continues to rankle many in the industry.

By Jim Rubenstein | Updated on May 04, 2011

It’s been 10 months since the NCUA’s takeover of the once $900 million Arrowhead Credit Union of California, but the efficacy of the conservatorship continues to rankle many in the industry.

The lingering controversy over the regulatory seizure of June 30, 2010 comes as the San Bernardino CU, now at $700 million and a net worth ratio at 3.91%, reported last week its first-quarter profit of $3.9 million. Some have suggested the CU was already on the road to a financial recovery at the time it was conserved.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.