RALEIGH, N.C.-State Employees' CU, one of four $10 billion-plus credit unions that would be stress-tested under a proposal being considered by NCUA, is all in favor of the tests now undergone by big banking companies and insists the results should be made public, just as they are for banks.

"I think it's a good idea and I think it should be done," said Jim Blaine, president of the $26 billion credit union. Blaine suggested that instead of having NCUA perform the stress tests, the Federal Reserve-which already has set parameters and tested banks-should conduct them.

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