Despite calls for transparency, the NCUA will not be sharing the methodology PIMCO is using to determine the scope of corporate investment losses.
"No information about PIMCO methodology will be disclosed. This is proprietary and non-public," said NCUA spokesman John McKechnie.
NAFCU President Fred Becker, who publicly challenged the NCUA to release the information last week, criticized the agency for a lack of transparency.
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"We may be debating the time period we'll take to repay these losses, but credit unions are ultimately going to pay for them one way or another, that's pretty much been determined," Becker said. "Not only are credit unions paying for this study, they're paying for whatever losses PIMCO determines, so why not provide transparency?"
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