The NCUA's corporate stabilization Webinar presenters provided insight today regarding the agency's analysis of corporate investment portfolio values.

The NCUA's conservatorships of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union last Friday were prompted in part by a report produced by account management firm PIMCO, which was hired by the NCUA to conduct an independent valuation of the investment portfolios of each corporate.

That report and the agency's own analysis revealed that the two corporates had "credit losses that far exceeded their capital," said NCUA Executive Director David Marquis.

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