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Losses from Corporates Affect CUNA, Credit Union House, NCUF

JUN 5, 2009 12:21pm ET

WASHINGTON — It's not only corporate credit unions that are being affected directly by their investments in membership capital shares at U.S. Central, as CUNA, which is also a member of U.S. Central, said it charged-off 23% of its MCS, and will probably take additional charges in the future.

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