Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  |  Fed Funds Rate .22%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .26%  |  3-Month .29%  |  30-Year Fixed 4.38%  |  6-Month UST .18%  |  2-Year UST .51%  |  5-Year UST 1.48%  |  10-Year UST 2.70%  |  30-Year UST 3.78%  | 

Latest News

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Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
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CU Times 3/29/10 more
Capital for corporates now?
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Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Corporate America's Legacy Asset Solution Is Liquidation
CU Times 8/11/10 more
Corporate America Liquidates Toxic Assets
CU Times 8/3/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
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CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Corporate America's Legacy Asset Solution Is Liquidation
CU Times 8/11/10 more
Corporate America Liquidates Toxic Assets
CU Times 8/3/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Corporate America's Legacy Asset Solution Is Liquidation
CU Times 8/11/10 more
Corporate America Liquidates Toxic Assets
CU Times 8/3/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Corporate America's Legacy Asset Solution Is Liquidation
CU Times 8/11/10 more
Corporate America Liquidates Toxic Assets
CU Times 8/3/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Corporate America's Legacy Asset Solution Is Liquidation
CU Times 8/11/10 more
Corporate America Liquidates Toxic Assets
CU Times 8/3/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Corporate America's Legacy Asset Solution Is Liquidation
CU Times 8/11/10 more
Corporate America Liquidates Toxic Assets
CU Times 8/3/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Corporate America's Legacy Asset Solution Is Liquidation
CU Times 8/11/10 more
Corporate America Liquidates Toxic Assets
CU Times 8/3/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more

Your savings federally insured and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency

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 Rates

Funds Advantage Rate
Tier I
($20MM+)		 0.27%
Tier II
($10MM+ < $20MM)		 0.27%
Tier III
($5MM+ < $10MM)		 0.27%
Tier IV
($0MM+ < $5MM)		 0.27%
Other Rate
Super 30 0.47%
Paid-in-Capital 1.73%
Paid-in-Capital III 5.000%

Last Updated 9/3/2010 7:43 AM

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Corporate America Gets Court Date with U.S. Central Corporate America Gets Court Date with U.S. Central Corporate America Gets Court Date with U.S. Central


CU Times 3/29/2010

By Heather Anderson

 

Corporate America Credit Union’s case against U.S. Central Federal Credit Union’s former directors and executives is going to court. U.S. District Court Judge Inge P. Johnson filed the order March 25, setting a Dec. 6 trial date in Birmingham, Ala.

 

In a separate case against U.S. Central accounting firm RubinBrown, Judge Johnson denied the St. Louis firm’s right to arbitration, which Rubin Brown appealed. Those charges will either be resolved in arbitration, if RubinBrown wins the appeal, or it will go to court.

 

Both cases now move into the discovery phase.

 

The $2.2 billion Corporate America has accused U.S. Central of violating the Securities and Exchange Act and state laws, when it solicited PIC II capital from members in late 2008 and concealed the extent of investment losses. The at-risk capital was depleted due to OTTI just weeks after member corporates converted the funds from member capital shares.

 

The director defendants include former directors Joe Herbst, Charlie Thomas, David Brehmer, Bob Siravo, Larry Eisenhauer, John Franklin, Jim Hansen, Greg Moore and Bill Cheney; former U.S. Central executives Francis Lee and David Dickens; and current U.S. Central Chief Financial Officer Kathy Brick.

 

Original Article