One of the biggest stories CU Times covered in the past 25 years was the corporate crisis. Read more about how the NCUA and member credit unions resolved the losses and where corporates are today.

Kansas and Missouri Corporates Merge: Kansas will be the surviving institution.

SunCorp Members Agree to Alloya Merger: The merger was effective Feb. 28, 2015.

Fresh Off Kentucky Merger, VolCorp Elects New Board: Brown-Forman Employees CU CEO Gayle Hamilton and Clinchfield FCU CEO Sandy Lingerfelt join VolCorp's board.

NCUA Corporate Lawsuits Greenlighted in Denver: After a year's delay, the NCUA can move forward with its lawsuit in Kansas seeking damages suffered by U.S. Central and WesCorp.

Where Are They Now: Catch up with three former corporate leaders: Thomas Bonds, Francois Henriquez and Brian Hague.

VolCorp CFO Jeff Merry Comes Full Circle Following Crisis: CU Times' Trailblazer CFO of the Year has taken VolCorp beyond Solvent Five status to a merger surviving and financially thriving cooperative.

JP Morgan Settlement Relieves Assessment Burden: The NCUA's estimated 2014 corporate assessment range of zero marks end of costly bailout.

NCUA Files More Corporate Suits: The NCUA on Sept. 23 filed nine federal lawsuits in New York against eight banks.

NCUA Suits Up to Recover Southwest, Members United Losses: Agency action in New York federal court on same day as NCUA goes after 13 global banks in Libor price-fixing scandal.

Fazio Assessment Lays Out NCUA Corporate Bailout Thinking: Citing the timing of cash flows, NCUA Director of Examination and Insurance Larry Fazio answered critics who have questioned the need for future corporate assessments in comments released to the press Aug. 14.

Corporate America Undergoes Big Changes Under Pritts Regime: Managers shuffled, staff reduced, balance sheet revamped and new fee structure coming for Alabama-based corporate.

NCUA Board Approves 8BP Corporate Fee for 2013: NCUA to impose the lowest corporate assessment on credit unions since making their first payment in 2009.

Crowdsourcing Project Questions Constitution Corp's Conservatorship: Analysis says seized corporate would now have as much as $100 million in positive equity; NCUA mum.

WesCorp Losses Far Outpace Other Corporates: According to legacy asset loss estimates provided to Credit Union Times by the NCUA, investments made by Western Corporate FCU are generating far more losses than those that were made at other failed corporates.

Only 124 CUs Hold CLF Stock: The NCUA will consult with Congress on a possible legislative remedy to modernize the Central Liquidity Facility, according to the regulator's annual report.

Alloya-CenCorp Merger Completed: Illinois-based Alloya Corporate FCU announced Wednesday that its merger with Michigan's Central Corporate Credit Union is now complete.

LaCorp Reaps $600,000 Settlement From Credit Suisse: Louisiana Corporate Credit Union has emerged victorious from a decade-long suit involving the liquidation of National Century Financial Enterprises.

Catalyst 2012 Numbers Reveal Strong Numbers After Two Acquisitions: Texas-based corporate posts $14 million in profits, coverage ratio of 88%.

NCUA Scores $165 Million Settlement With Bank of America: Corporate collapse settlement totals now top $335 million, agency says. Lawyers to get $84 million. Corporate rescue assessment to be determined.

Kathy Garner Reflects on First Year as Catalyst CEO: New CEO of new corporate credit union cites challenges, commitments, progress.

U.S. Central's CLF Stock Used to Pay Out Share Deposits: Agency says it used $1.845 billion to pay out the failed corporate's largest liability. NCUA foe said it should have been kept separate.

NCUA Merger Assistance Revealed in Corporate One Financials: Ohio-based corporate credit union notches $4.35 million net profit in 2012; financials helped along by $15 million in NCUA merger assistance.

NCUA Files Suit No. 10 in Corporate Collapse: J.P. Morgan, others named in sale of $2.2 billion in failed mortgage-backed securities that led to collapse of WesCorp, U.S. Central and Southwest Corporate.

NCUA Settles With Lane in WesCorp Suit: Confidential deal with former WesCorp CFO wraps up cases against former officers of collapsed corporate.

NCUA Repays $1.5B in WesCorp Notes: Notes payoff called important milestone in efforts to resolve the failure of five corporates.

Catalyst P&A With FirstCorp Complete: Forty two of the 48 former FirstCorp members elected to stick with Catalyst, a number the Plano, Texas-based corporate said exceeded the expectations.

NCUA's Buckham Ordered to Dispose in Siravo Suit: U.S. Magistrate Judge Margaret A. Nagle denies the NCUA's motion to prevent former Director of the Office of Corporate Credit Unions Kent Buckham from giving a deposition to former WesCorp CEO Robert Siravo's defense attorneys.

Corporate America/LaCorp Merger Stalled to Death: The two corporates announce they have called off their merger.

Corporate Stabilization Fund Improved Last Year: The Temporary Corporate Credit Union Stabilization Fund makes progress against legacy asset losses in 2011, improving the fund's net position from 2010.

One-Quarter of LaCorp MCS Is on Notice, But Savoie Likes His Numbers: Louisiana Corporate boosts capital while preparing payments exit from U.S. Central and awaiting merger with Corporate America.

Catalyst to Acquire FirstCorp: In an attempt to achieve economies of scale, the $2.2 billion Catalyst Corporate FCU and the $1.1 billion First Corporate CU sign intent to consolidate.

Bonds-Hunt Feud Shroud Merger Delay for Corporate America, LaCorp: Is a personal feud the reason behind the delay in NCUA approval of a merger.

Puzzlement Over NCUA Rebuff of Indemnification: Now you have it, now you do not?

First Carolina Corporate Hits NCUA Marks with 2011 Financials: The $1.45 billion North Carolina corporate more than doubled its earnings projections for 2011, ending the year $5.2 million in the black.

Corporate Debacle Redux?: A look back barely three years ago as four corporate credit unions reported massive losses in their investment portfolios.

Alloya, CenCorp Intend to Go Big: Go big or go home describes the marriage of the two corporates.

Natural Person CUs Say Corporates Still Fill In Voids: Why a world without corporates is not an option.

Amid Tighter Regs, Corporates Hopeful On Relevancy: Growth remains a top concern for corporate execs.

Liquidity Regs Battle Lines Are Drawn: Are your credit union's pockets deep enough to satisfy the NCUA?

NCUA vs. WesCorp Officers: Win Some, Lose Some: The pre-trial jousting in the case of NCUA vs. a roster of onetime top officers at failed corporate credit union WesCorp continues.

At U.S. Central, the Fed's Not-So-Hidden Hand: NCUA memo triggers questions of which government body steering the ship?

NCUA Audit Stokes an Uproar: Audit of NCUA's Temporary Corporate Credit Union Stabilization Fund, is announced on a day when many are on vacation.

NCUA Disputes Affirmative Defense: Legal fireworks continue to explode in the Los Angeles courtroom of Judge George H. Wu.

Corporates React to U.S. Central Closure Plans: Corporates are getting a better idea of how the corporates' corporate will wind down, and they're ready.

NCUA Applauds GAO Report: The report advocates proactive approaches.

Corporate Fix Sites Launched: NCUA's two new websites to increase transparency of the corporate resolution system.

The U.S. Central “Wind Down” – Why It Happened, What It Means: Corporates say they're ready; NAFCU's Becker says FOI request sent to NCUA to find out more.

Letter: Too Big to Fail Corporates Will Lead to Industry Troubles: Readers weigh in on the NCUA's reversal of its “too big to fail” stance.

NCUA Sues Wachovia Securities Over Corporate Losses: NCUA cites a failure to disclose the risks to two now-defunct corporate credit unions.

Corporate Merger Mania on the Horizon?: There may be only four or five corporate credit unions within 10 years.

NCUA Rethinks Corporate Too Big to Fail Policy: What a difference 10 months makes.

NCUA Strikes Back in WesCorp Suit: The agency's lawyers seek dismissal of a range of claims made by the defendants.

NCUA Corporate Assessment Range to be 8-11 BP for Next Year: Credit unions should set aside between 8 and 11 basis points for next year's assessment.

J.P. Morgan Asks Court to Dismiss NCUA Suit: Claims the NCUA has failed to prove their case.

Former WesCorp CFO Mounts Vigorous Defense in NCUA Suit: Former WesCorp Chief Financial Officer Todd Lane submits a point-by-point rebuttal to presiding Judge George H. Wu.

Letter: Goodbye to Constitution Corporate: The one-year anniversary of its conservatorship is a time to reflect on a day that continues to impact a small but dedicated staff that served their members for more than 30 years.

Corporate America's Pay Day – Proceeds from U.S. Central Suit?: Is $2.5 million flow of “other income” in August statement Corporate America's settlement? No one's saying.

NCUA Inspector General Throws Around Blame in Failure of Southwest Corporate: Lax management plus bad investments to blame for a conserved and now-merged Southwest Corporate.

For Sale: Former WesCorp Building: Have $11 million? Want to own a piece of credit union history?

NCUA: No Contingency Plan for Increased Exits From NCUSIF: Agency tells trade groups no move needed because such conversions are “relatively rare”.

Corporate Failures: Estimates Brighten the Loss Outlook: More of the costs left over from failed corporate credit unions will hit most existing credit unions in late September.

Guest Opinion: Time for Another Corporate Miracle: Forty years ago, credit unions created something that actually turned out to be a miracle: the corporate credit union system.

Scoring the Corporate Credit Unions: Who Is Left Standing?: Online Only: The Aug. 31 deadline for capitalizing is here. Now what?

Corporate Capitalization: Look at the Big Picture: Why credit unions must consider their role in a properly structured corporate as part of their fiscal strategy moving forward.

NCUA Suits Call for Cost-Benefit Analysis: Fourth suit filed by the NCUA against securities firms, seeks a total of $2 billion in damages.

Corporate Focus Turns to the West: With NCUA deadlines focus shifts to the fate of the $1.9 billion SunCorp.

Corporate Recapitalization Ramps Up Peer Pressure on CUs: Corporates not to blame for hurting small credit unions.

Cheney Urges NCUA to Allow Prepayments of Up to $1 Billion to Defray Costs of Corporate Rescues: CUNA to NCUA: higher prepayments would allow corporate rescue assessments to further decline.

Sizing Up the Corporates' Losses: NCUA Inspector General says more corporate losses down the road.

Bridging the Gap to the New Corporates Model: Zero wiggle room in the NCUA's willingness to tolerate a merger of Tier 1 corporates.

How to Prevent Another Wave Of Corporate Failures: Analysis of solutions and best practices.

Chatfield Urges Three Corporates Be Merged: The merger rhetoric on bridge corporates continues to percolate.

Bonds Discusses Corporate Mergers, Banks as 'Dark Side': Corporate America CU CEO speaks out on recent corporate developments, venting some strong views and projections.

Cheney Says External Review and New Committee Next Steps in Corporate Solution: CUNA to commission a quick external analysis of the industry's needs.

Cheney on the Future of Corporates & CUs: CUNA CEO Bill Cheney discusses the new corporate credit union regulation and natural person credit unions.

Industry Leaders Study Service Alternatives Following Corporate Shakeup: New corporate structure presents a quandary for industry leadership.

CEOs and Volunteers Dismissed By NCUA at Seized Corporates: The three corporate credit unions placed into conservatorship Sept. 24 brings the total of seized corporates to five.

Legacy Assets Go to 'Bad Banks': After months of speculation, the NCUA revealed on Sept. 24 a “good bank, bad bank” plan to deal with corporate legacy assets.

Corporate Aftermath: Trades Go All Out to Counter 'Bailout' Message: Pulling out all the stops, the credit union trades are in damage control mode.

Corporate Credit Unions Face the Fate of the 8-Track: Corporate credit unions are quite the unpopular kid at prom these days.

Sale of Impaired Bond Nets $7.5 Million Gain for Members United: Members United Corporate FCU finds way around accounting rules.

Legacy Asset Trust Will Prevent Write-Downs, Increase Transparency: NCUA will transfer the legacy assets from five seized corporates into a trust, and securitize them for investors from there.

Bridge Charter Preserves Recapitalization Choice: NCUA's plan grants member credit union choice.

U.S. Central and WesCorp Shed Assets to Repay Treasury: NCUA says sale not part of its legacy assets plan.

Corporate Assessment Payback Extended to 2021: NCUA announces the Temporary Corporate Credit Union Stabilization Fund has been extended to June 30, 2021.

Will NCUA Play Good Corporate/Bad Corporate?: Executives speculate what the NCUA workaround accounting rules may be.

Black Friday? Sure. But We Need a Plan for the Future Corporate System: Why a Black Friday may not be such a bad thing.

Will the NCUA Let Loose a Corporate Black Friday?: CU execs fear a pending corporate “Black Friday.”

Corp. Central to NCUA: Bring It On: Corporate is ready for the NCUA's proposed corporate regulations.

Corporate One Focusing on Overnight Rates: Corporate is paying just 0.18% for a two-year certificate, and is 20 or more basis points lower across the board on term deposits compared to competitors.

Corporate America's Legacy Asset Solution Is Liquidation: Why Thomas Bonds expects to sell the last of his private-label mortgage-backed securities by September.

Midwest Likely to Liquidate, Transition Members to CUSO: Board Chair Eric Musland says liquidation “will probably happen.”

Executives Debate the Causes and Effects of the Corporate Crisis: Can corporates promise members they won't again leverage risk to chase yield and avoid a fourth systemic crisis?

Thompson: Corporate Recapitalization Question Mirrors Movement's Future: When it comes to recapitalizing corporates is it a matter of cooperate more or less?

Capital Dominates Corporate Meetings: Many corporate members discuss their cooperative's fate in a changing landscape.

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