Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Auto leaser CU Fleet files to dismiss bankruptcy
MILWAUKEE (5/8/09)--CU Fleet, a Wisconsin-based auto lease dealership that filed for Chapter 11 bankruptcy in early April, has filed a motion to dismiss the case (The Business Journal of Milwaukee May 1). The auto dealership is partly owned by Richard Jungen, founder and former CEO of Central States Mortgage Co. and by the dealership's general manager, Tom Burns. The mortgage company filed for receivership in March. It was 70% owned by credit unions (News Now April 13). CU Fleet filed for bankruptcy April 3 in the U.S. Bankruptcy Court in Milwaukee, allegedly owing three credit unions--Guardian CU, West Allis; Prime Financial CU, Cudahy; and Landmark CU, New Berlin--at least $2.8 million combined. The West Allis, Wis.-based company filed the motion to dismiss on April 20. Papers said the three credit unions support dismissing the Chapter 11 reorganization, said the business journal.


RSS print
News Now LiveWire
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
23 minutes ago
NJ Lt Gov Kim Guadagno shares her #creditunion story at @NJCUL convention #NewsNow http://t.co/2B7QiuUK9p
48 minutes ago
#NewsNow: 2013 mortgage data shows 14.8 mil applications, 2.8 mil purchases and more. http://t.co/DId2VFrsEr
1 hours ago
The story of @allegiancecu's Florence Rogers is captured in expanded OklaCity bombing memorial via @WSJLife http://t.co/CmF0xfPcJ4
2 hours ago
.@VACUL breaks ground for new HQ in Richmond #NewsNow http://t.co/cOC0rqqJ9o
2 hours ago