The NCUA released an update on its activities at U.S. Central and WesCorp this week, after placing the two corporate credit unions into conservatorship one week ago today.

The agency reported that normal operations and transactions continued without interruption, and liquidity remains stable.

"Contacts were made with outside counterparties to assure them of ongoing operations and to establish adequate future contingent sources of liquidity. Contacts with the associated Federal Home Loan and Federal Reserve Banks have also been made, and provisions to maintain lines of credit are being explored," the release stated.

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