If there was a bright line of hope during the NCUA Board's decision Monday to assess credit unions for corporate credit union losses, it came from analysis that held those losses in the future may not be as bad as originally projected.

As of Dec. 31, 2010, remaining losses to the corporate Stabilization Fund had been estimated at between $5.0 billion and $7.2 billion. But  the most current estimate, as of June 30, 2011, projected remaining losses at between $1.9  billion and $6.2 billion.

But the lowered numbers also brought some additional uncertainties. 

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.