NCUA will release a summary of its commissioned PIMCO report "in the near future", said Chairman Michael Fryzel today. Comments from the agency's leader were included in NCUA's weekly Friday corporate update.

Fryzel addressed criticism that NCUA has lacked transparency in its action to place both U.S. Central FCU and Western Corporate FCU into conservatorship, acknowledging that "the incomplete or insufficient nature of available information has led some to question the necessity of the NCUA's actions and level of expected credit losses being projected."

Today's release doesn't provide exact numbers that break down how much each corporate contributed to the $5.9 billion share insurance fund hit; however, NCUA did provide updated portfolio ratings, and loss estimates by ratings category. Based on the most conservative assumptions, it appears WesCorp's losses are about twice as large as U.S. Central's.

Fryzel also said NCUA will issue guidance next week to assist

member credit unions as they account for write-downs on paid-in-capital and membership capital accounts at their corporates. He also acknowledged receiving nearly 500 ANPR comments, and said NCUA is "currently analyzing them for incorporation into a proposed rulemaking to reform the prudential regulatory regime corporate credit unions will operate under going forward."