NAFCU today asked NCUA for details about the terms of the agency's contract with the company that is reviewing all of the investments of corporate credit unions.

The association filed a request today under the Freedom of Information Act for the following information about the contract with Pacific Investment Management Co. (PIMCO): Each contract or written agreement between NCUA and PIMCO related to PIMCO's analysis of corporate credit unions' investment portfolios; any written description of the methodology, scope and/or parameters that has or is being employed by PIMCO (or NCUA and PIMCO) in PIMCO's analyses; and records showing the cost or payment, and a description of the services for each cost or payment, for PIMCO related to services provided by PIMCO.

As part of its efforts to rescue corporate credit unions, NCUA has hired PIMCO to conduct a comprehensive analysis of the corporates' holdings.