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Telesis Management Taken Over By Premier America

Sunday, April 15, 2012 - 5:56 AMPremier America Credit Union
From the Credit Union Times
The $1.3 billion Premier America Credit Union has contracted with the NCUA to manage the assets of the seized $318 million Telesis Community Credit Union. Both credit unions are based in Chatsworth, Calif.

The federally insured, state-regulated Telesis was seized March 23 by the California Department of Financial Institutions, which then passed conservatorship authority to the NCUA.

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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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