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Corporate CUs Bedeviled By Four-Letter Term: OTTI

FEB 27, 2009 1:31pm ET

LENEXA, Kan.-When U.S. Central FCU surprised everyone last month - including NCUA - with a massive $1.1-billion loss for its recently completed fourth quarter it was precipitated by the implementation of a controversial and often confusing accounting term called other-than-temporary impaired, or ...

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