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Failure of U.S. Central Depletes Corporate Capital

MAY 8, 2009 12:27pm ET

ALEXANDRIA, Va. — NCUA said the nation's 27 corporate credit unions will have to charge-off more than $1.5 billion of capital they held in U.S. Central FCU, pushing most of them below regulatory minimums and, in many cases, forcing their member credit unions to write-down the value of their own...

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