WASHINGTON-Credit unions can now pull back the curtain on the so-called "legacy assets" and gain a better understanding of the performance of the securities that were once held by the five failed corporate credit unions. Co-Ops For Change today began posting spreadsheets that will list all of the legacy asset securities by CUSIP number from the five corporates closed by NCUA in 2009-2010: U.S. Central, WesCorp, Southwest Corporate, Members United and Constitution Corporate.

NCUA now holds the securities, and there has been a great deal of debate about their current value and performance over recent years, many in the industry alleging the agency has not been fully transparent in sharing the performance of the legacy assets. That issue was the subject of extensive reporting in the May 20 issue of Credit Union Journal.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.