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First Union Corp. said it will not abide by the terms of a preliminary multi- million-dollar settlement with NCUA, because a court ruling just days afterwards has eliminated the need [...]

A federal judge here dismissed civil claims brought by NCUA against First Union Capital Markets relating to its sale of mortgage-backed securities to Capital Corporate FCU (CapCorp), thereby jeopardizing a [...]

The National Credit Union Administration (NCUA) is selling off the asset portfolio of Capital Corporate Federal Credit Union. The agency seized Cap Corp Jan 31, 1995 because of $100 million in losses from gambling on collateralized mortgage obligations. The NCUA has not announced that it will liquidate the company. The $34 million in losses from the first round of assets sold was less than expected, and the projected $100 million cost of the conservatorship has been revised down to less than Cap Corp's $74 million in capital., WASHINGTON -- Moving faster than expected, the government is unloading Capital Corporate Federal Credit Union's entire $1.2 billion investment portfolio. The fast selloff makes liquidation of the seized institution all [...]

Capital Corporate Federal Credit Union is history, but some of its former shareholders refuse to let its memory die. A group of institutions is demanding that the National Credit Union [...]

WASHINGTON - The Senate Banking Committee chastised the National Credit Union Administration on Tuesday for lax oversight of Capital Corporate Credit Union, the liquidity center seized by the government Jan. [...]

The threat of a run by depositors on Capital Corporate Federal Credit Union has abated, according to the National Credit Union Administration (NCUA). The federal government, which had seized Capital Corporate on Jan 31, 1995, had put a freeze on withdrawals from the financially troubled credit union, and the NCUA reports that withdrawals have stabilized even after the lifting of the freeze. The NCUA's handling of Capital Corporate, particularly the credit union's $100 million loss in derivatives, will be investigated by Congress., WASHINGTON -- The drain on deposits in ailing Capital Corporate Federal Credit Union had slowed to a trickle by Friday, five days after the government lifted a freeze on withdrawals. [...]

Pentagon Federal Credit Union and other credit unions pulled their money from Capital Corporate Federal Credit Union after it was seized by the government on Jan 31, 1995. As a result, Cap Corp lost 28% of its deposits, which left them with a remainder of $576 million. Some unions did not trust the outcome of the ailing corporate credit union, even though the National Credit Union Administration guaranteed all credit union deposits., WASHINGTON -- More than one-quarter of Capital Corporate Federal Credit Union's deposit base evaporated by midday Tuesday as 154 nervous members yanked funds. The ailing corporate credit union -- which [...]

WASHINGTON - The Credit union industry's regulator postponed a decision Friday on the fate of a large, specialty credit union until early this week. The National Credit Union Administration, led [...]