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NAFCU President Fred Becker said he’s firing off another letter to the NCUA, accusing the agency of inconsistent reporting in its refusal to release specifics regarding corporate losses and the state of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union investment portfolios.

Becker said the NCUA disclosed corporate-owned securities impairments in official letters to credit unions dated June 2008 and January 2009. Indeed, the NCUA reported last June that 98% of corporate securities were investment grade; however, the January letter reported that number had slipped to 80%.

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