It's been six months since the NCUA put Telesis Community Credit Union's stake in Autoland Inc.'s up for sale, but the agency is mum on where the bidding process now stands.
With an initial goal of completing the transaction by the end of 2012, the regulator is not providing any new, concrete details on the status of those entities that have placed bids on securing a slice of the auto buying CUSO.
"We are working to finalize the sale, and we'll have an announcement when that process is complete," the NCUA said in an Oct. 30 statement to Credit Union Times.
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