983:
988:
201:
In 2011 Western Bridge
Corporate Federal Credit Union sought to capitalize a new corporate credit union for the western states called United Resources Federal Credit Union. This effort failed to obtain sufficient funds and Catalyst Corporate Federal Credit Union was approved on December 14, 2011, to
171:
In 1969, the leaders of
California's credit union movement collectively recognized the need for a non-competitive service provider. From this common vision, the California Central Federal Credit Union was chartered. The nation's first federally chartered central credit union, California Central FCU
184:
In 1976 the credit union changed its name to
Western Corporate Federal Credit Union (WesCorp) to reflect a desire to serve organizational needs within the parameters of a regional charter. Natural person members, although allowed in the original charter, were discontinued as the corporate focused
27:
147:. WesCorp served America's credit union industry as an aggregator of financial products and services for the purpose of delivering cost-savings and greater efficiencies to more than 950 member/owner credit unions throughout the
172:
was originally created to serve the liquidity needs of credit unions and credit union organizations in
California. In 1975, CCFCU expanded its field of membership to include all credit unions and credit union associations in
785:
651:
602:
1054:
1099:
1094:
762:
641:
1025:
1064:
732:
597:
511:
1084:
656:
463:
1089:
702:
1079:
1044:
747:
671:
927:
757:
385:
440:
587:
681:
478:
468:
937:
1074:
1018:
666:
636:
557:
697:
552:
418:
235:
173:
324:
727:
1069:
842:
737:
722:
646:
1049:
1011:
965:
592:
423:
920:
413:
960:
1059:
837:
572:
567:
742:
676:
577:
378:
661:
473:
298:
257:
447:
211:
193:
On March 20, 2009, WesCorp was taken over by regulators and renamed
Western Bridge Corporate Federal Credit Union.
857:
767:
435:
408:
852:
607:
483:
371:
982:
562:
430:
582:
140:
932:
879:
832:
132:
81:
955:
915:
847:
897:
873:
531:
504:
128:
47:
942:
231:
995:
185:
exclusively on institutional business. WesCorp finished 1977 with $ 229.3 million in assets.
987:
891:
394:
155:
806:
752:
536:
1038:
521:
516:
499:
148:
89:
282:
Birch, Ray; Diekmann, Frank J. (July 23, 2012). "The Life & Death of WesCorp".
144:
37:
358:
885:
526:
994:
This article about a financial services corporation of the United States is a
136:
85:
26:
801:
363:
232:"NCUA Conserves U.S. Central and Western Corporate Credit Unions"
786:
List of banks acquired or bankrupted during the Great
Recession
620:
367:
176:
Region VI, becoming the nation's first regional corporate.
299:"United Resources FCU Submits Charter Application to NCUA"
112:
652:
Dodd–Frank Wall Street Reform and
Consumer Protection Act
352:
158:. The company was officially dissolved on July 6, 2012.
143:, WesCorp provided services to natural person (consumer)
999:
258:"Corporate No More: Western Bridge Formally Liquidated"
763:
National fiscal policy response to the Great
Recession
908:
866:
823:
794:
776:
715:
690:
627:
545:
492:
456:
401:
108:
95:
76:
61:
53:
43:
33:
882:(Europe, Middle East and North Africa, Asia; 2009)
16:Defunct US financial cooperative for credit unions
1055:Companies based in Los Angeles County, California
1100:United States financial services company stubs
1095:Defunct companies based in Greater Los Angeles
733:American Recovery and Reinvestment Act of 2009
598:Office of Federal Housing Enterprise Oversight
1019:
379:
325:"Catalyst Corporate Wins Remnants Of WesCorp"
189:Western Bridge Corporate Federal Credit Union
121:Western Bridge Corporate Federal Credit Union
20:Western Bridge Corporate Federal Credit Union
8:
657:Emergency Economic Stabilization Act of 2008
154:On March 20, 2009, NCUA placed WesCorp into
19:
359:Western Bridge/Catalyst Corporate microsite
1026:
1012:
791:
748:Fraud Enforcement and Recovery Act of 2009
687:
672:Term Asset-Backed Securities Loan Facility
617:
386:
372:
364:
18:
928:Effects of the Great Recession on museums
758:Housing and Economic Recovery Act of 2008
642:China–Japan–South Korea trilateral summit
622:Government policy and spending responses
588:Government National Mortgage Association
682:2008 United Kingdom bank rescue package
223:
167:California Central Federal Credit Union
1065:American companies established in 1969
180:Western Corporate Federal Credit Union
667:Temporary Liquidity Guarantee Program
637:Banking (Special Provisions) Act 2008
558:Federal Deposit Insurance Corporation
197:United Resources Federal Credit Union
7:
1085:2011 disestablishments in California
979:
977:
553:Consumer Financial Protection Bureau
236:National Credit Union Administration
174:National Credit Union Administration
843:Collateralized mortgage obligations
1090:Defunct banks of the United States
998:. You can help Knowledge (XXG) by
297:McGarvey, Robert (June 14, 2011).
14:
1080:1969 establishments in California
1045:Credit unions based in California
938:2007–2008 world food price crisis
738:Chinese economic stimulus program
723:2008 European Union stimulus plan
647:Commercial Paper Funding Facility
323:Roberts, Ed (December 14, 2011).
986:
981:
966:List of countries by public debt
593:National Asset Management Agency
25:
921:2008 Central Asia energy crisis
838:Collateralized debt obligations
728:2008–2009 Keynesian resurgence
573:Federal Housing Finance Agency
568:Federal Housing Administration
256:Rapport, Marc (June 8, 2012).
1:
743:Economic Stimulus Act of 2008
677:Troubled Asset Relief Program
603:Office of Financial Stability
578:Federal Housing Finance Board
512:Société Générale trading loss
131:cooperative headquartered in
1075:Banks disestablished in 2011
662:Irish emergency budget, 2009
1116:
976:
961:2007–2008 financial crisis
853:Mortgage-backed securities
464:Automotive industry crisis
212:Central Liquidity Facility
1070:Banks established in 1969
951:
858:Secondary mortgage market
779:rescues, and acquisitions
777:Government interventions,
768:Zero interest-rate policy
616:
479:Housing market correction
202:purchase its operations.
24:
876:(United States; c. 2009)
608:UK Financial Investments
493:Banking losses and fraud
484:Subprime mortgage crisis
469:California budget crisis
1050:Cooperative federations
894:(worldwide; 2011–2012)
833:Auction rate securities
563:Federal Home Loan Banks
583:Federal Reserve System
457:United States-specific
141:corporate credit union
65:July 6, 2012
1060:San Dimas, California
933:Decline of newspapers
880:2009 May Day protests
826:and financial markets
716:Stimulus and recovery
956:European debt crisis
848:Credit default swaps
824:Securities involved
630:stability and reform
329:Credit Union Journal
284:Credit Union Journal
916:2000s energy crisis
628:Banking and finance
546:Government entities
21:
898:Occupy Wall Street
874:Tea Party protests
532:Scott W. Rothstein
303:Credit Union Times
262:Credit Union Times
129:financial services
48:Financial services
1007:
1006:
974:
973:
943:Retail apocalypse
888:(MENA; 2010–2012)
819:
818:
815:
814:
711:
710:
691:Bank stress tests
286:. pp. 15–34.
234:(Press release).
162:Corporate history
118:
117:
104:
1107:
1028:
1021:
1014:
990:
985:
978:
867:Social responses
792:
688:
618:
388:
381:
374:
365:
340:
339:
337:
335:
320:
314:
313:
311:
309:
294:
288:
287:
279:
273:
272:
270:
268:
253:
247:
246:
244:
243:
228:
102:
101:Philip Perkins,
80:924 Overland Ct
72:
70:
29:
22:
1115:
1114:
1110:
1109:
1108:
1106:
1105:
1104:
1035:
1034:
1033:
1032:
975:
970:
947:
904:
892:Occupy movement
862:
825:
811:
790:
778:
772:
707:
686:
629:
623:
612:
541:
488:
452:
397:
395:Great Recession
392:
349:
344:
343:
333:
331:
322:
321:
317:
307:
305:
296:
295:
291:
281:
280:
276:
266:
264:
255:
254:
250:
241:
239:
230:
229:
225:
220:
208:
199:
191:
182:
169:
164:
156:conservatorship
98:
88:
68:
66:
17:
12:
11:
5:
1113:
1111:
1103:
1102:
1097:
1092:
1087:
1082:
1077:
1072:
1067:
1062:
1057:
1052:
1047:
1037:
1036:
1031:
1030:
1023:
1016:
1008:
1005:
1004:
991:
972:
971:
969:
968:
963:
958:
952:
949:
948:
946:
945:
940:
935:
930:
925:
924:
923:
912:
910:
909:Related topics
906:
905:
903:
902:
901:
900:
889:
883:
877:
870:
868:
864:
863:
861:
860:
855:
850:
845:
840:
835:
829:
827:
821:
820:
817:
816:
813:
812:
810:
809:
807:General Motors
804:
798:
796:
789:
788:
782:
780:
774:
773:
771:
770:
765:
760:
755:
753:Green New Deal
750:
745:
740:
735:
730:
725:
719:
717:
713:
712:
709:
708:
706:
705:
700:
694:
692:
685:
684:
679:
674:
669:
664:
659:
654:
649:
644:
639:
633:
631:
625:
624:
621:
614:
613:
611:
610:
605:
600:
595:
590:
585:
580:
575:
570:
565:
560:
555:
549:
547:
543:
542:
540:
539:
537:Allen Stanford
534:
529:
524:
519:
514:
509:
508:
507:
496:
494:
490:
489:
487:
486:
481:
476:
474:Housing bubble
471:
466:
460:
458:
454:
453:
451:
450:
445:
444:
443:
433:
428:
427:
426:
421:
411:
405:
403:
399:
398:
393:
391:
390:
383:
376:
368:
362:
361:
356:
348:
347:External links
345:
342:
341:
315:
289:
274:
248:
222:
221:
219:
216:
215:
214:
207:
204:
198:
195:
190:
187:
181:
178:
168:
165:
163:
160:
116:
115:
110:
106:
105:
99:
96:
93:
92:
78:
74:
73:
63:
59:
58:
55:
51:
50:
45:
41:
40:
35:
31:
30:
15:
13:
10:
9:
6:
4:
3:
2:
1112:
1101:
1098:
1096:
1093:
1091:
1088:
1086:
1083:
1081:
1078:
1076:
1073:
1071:
1068:
1066:
1063:
1061:
1058:
1056:
1053:
1051:
1048:
1046:
1043:
1042:
1040:
1029:
1024:
1022:
1017:
1015:
1010:
1009:
1003:
1001:
997:
992:
989:
984:
980:
967:
964:
962:
959:
957:
954:
953:
950:
944:
941:
939:
936:
934:
931:
929:
926:
922:
919:
918:
917:
914:
913:
911:
907:
899:
896:
895:
893:
890:
887:
884:
881:
878:
875:
872:
871:
869:
865:
859:
856:
854:
851:
849:
846:
844:
841:
839:
836:
834:
831:
830:
828:
822:
808:
805:
803:
800:
799:
797:
793:
787:
784:
783:
781:
775:
769:
766:
764:
761:
759:
756:
754:
751:
749:
746:
744:
741:
739:
736:
734:
731:
729:
726:
724:
721:
720:
718:
714:
704:
701:
699:
696:
695:
693:
689:
683:
680:
678:
675:
673:
670:
668:
665:
663:
660:
658:
655:
653:
650:
648:
645:
643:
640:
638:
635:
634:
632:
626:
619:
615:
609:
606:
604:
601:
599:
596:
594:
591:
589:
586:
584:
581:
579:
576:
574:
571:
569:
566:
564:
561:
559:
556:
554:
551:
550:
548:
544:
538:
535:
533:
530:
528:
525:
523:
522:Bernie Madoff
520:
518:
517:Forex scandal
515:
513:
510:
506:
503:
502:
501:
500:Libor scandal
498:
497:
495:
491:
485:
482:
480:
477:
475:
472:
470:
467:
465:
462:
461:
459:
455:
449:
446:
442:
439:
438:
437:
434:
432:
429:
425:
424:South America
422:
420:
419:United States
417:
416:
415:
412:
410:
407:
406:
404:
400:
396:
389:
384:
382:
377:
375:
370:
369:
366:
360:
357:
354:
351:
350:
346:
330:
326:
319:
316:
304:
300:
293:
290:
285:
278:
275:
263:
259:
252:
249:
237:
233:
227:
224:
217:
213:
210:
209:
205:
203:
196:
194:
188:
186:
179:
177:
175:
166:
161:
159:
157:
152:
150:
149:United States
146:
145:credit unions
142:
138:
134:
130:
126:
122:
114:
111:
107:
100:
94:
91:
90:United States
87:
83:
79:
75:
64:
60:
56:
52:
49:
46:
42:
39:
36:
32:
28:
23:
1000:expanding it
993:
334:December 19,
332:. Retrieved
328:
318:
306:. Retrieved
302:
292:
283:
277:
265:. Retrieved
261:
251:
240:. Retrieved
238:. 2009-03-21
226:
200:
192:
183:
170:
153:
124:
120:
119:
77:Headquarters
38:Credit union
34:Company type
886:Arab Spring
795:Non-banking
527:Tom Petters
353:WesCorp.org
113:wescorp.org
1039:Categories
242:2009-03-21
218:References
137:California
97:Key people
86:California
69:2012-07-06
505:Tom Hayes
402:By region
133:San Dimas
82:San Dimas
802:Chrysler
414:Americas
355:Homepage
308:June 14,
206:See also
127:, was a
44:Industry
448:Oceania
441:Iceland
267:June 9,
139:. As a
125:WesCorp
109:Website
67: (
62:Defunct
54:Founded
436:Europe
409:Africa
123:, or
996:stub
703:U.S.
431:Asia
336:2011
310:2011
269:2012
57:1969
103:CEO
1041::
698:EU
327:.
301:.
260:.
151:.
135:,
84:,
1027:e
1020:t
1013:v
1002:.
387:e
380:t
373:v
338:.
312:.
271:.
245:.
71:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
