tag:blogger.com,1999:blog-319775530671726401.post5171704226880315182..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Taxi Medallion Lender LOMTO ClosedKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-319775530671726401.post-60866846492043759452018-10-02T14:17:56.055-04:002018-10-02T14:17:56.055-04:00Yes, Teachers FCU received Melrose's open char...Yes, Teachers FCU received Melrose's open charter. LOMTO had a limited field of membership.<br /><br />Teachers did not buy any of the loans secured by taxi medallions. <br /><br />NCUA did not disclose the magnitude of the loss to the NCUSIF. We will have to wait for the Inspector General's Material Loss Review for information on the size of the projected loss to the NCUSIF.Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-22404441292571131072018-10-02T13:20:00.754-04:002018-10-02T13:20:00.754-04:00Anyone know if Teachers inherits Melrose's ope...Anyone know if Teachers inherits Melrose's open field of membership? Not sure if LOMTO was the same but anyone could join Melrose. <br /><br />Also, as usual, no mention on the expected loss to the fund or how much and what Teachers is buyingAnonymousnoreply@blogger.com