The letter stated that the timing of the conservatorship was to prevent Arrowhead from selling its highest-performing loans to an out-of-state institution.
Thursday, August 26, 2010
NCUA's August 10 Letter on Arrowhead Central CU
Below is NCUA's August 10 letter to John Husing and Donald Driftmier about the conservatorship of Arrowhead Central Credit Union. (click on the image to enlarge)
The letter stated that the timing of the conservatorship was to prevent Arrowhead from selling its highest-performing loans to an out-of-state institution.
The letter stated that the timing of the conservatorship was to prevent Arrowhead from selling its highest-performing loans to an out-of-state institution.
there are other large CUs with capital at or below Arrowhead's for 4 or more quarters. why havent those CUs been conserved or resolved through merger?
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