Those anxiously awaiting U.S. Central Federal Credit Union's post-conservatorship March 2009 financials will have to wait another couple of days, as NCUA on-site staff make final adjustments to loss figures.
"We had numbers that were related to gross cash losses, and were projected as a result of the third-party analysis," said Director of Public and Congressional Affairs John McKechnie. "As required by GAAP, U.S. Central is working with its auditor to discount those cash flows to present value."
McKechnie said U.S. Central's March financials should be released Wednesday. He apologized for the delay, saying the regulator wants to ensure it releases accurate and complete numbers.
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