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NCUA Miscalculated U.S. Central Losses

JUL 10, 2009 12:49pm ET

ALEXANDRIA, Va. — Newly released minutes of NCUA closed Board meetings earlier this year show the credit union regulator vastly under-estimating losses at U.S. Central FCU, even as it had a full-time examiner housed at the one-time $50 billion central bank for credit unions.

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