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Corporate Credit Unions

NCUA Initiative ‘Buying Time’ For The Corporates

DEC 10, 2008 9:30pm ET

ALEXANDRIA, Va. – Even with NCUA’s new plan to add liquidity to the troubled corporate credit union network, there are no illusions that the plan, the so-called CU System Investment Program, will solve the corporates’ ills, unrealized losses on their investments of more than $14 billion–and growing.

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