The investors for the California Credit Union are the Drug Cartels, Billions of Dollars annually are Laundered thru California Financial Institutions, this is one of the ways they Launder Money, that is why, nothing to see,move along now.
Well, it would make more sense to let a ‘thinly capitalized’ institution raise more capital than it would to let a well capitalized institution.
What did strike me about the Idaho institution was the car loan that looks like it is more than a year delinquent. I’d be interested in hearing the story behind why that one isn’t a writeoff.