Members United Offers Members Different Loss Scenarios

In an effort to keep members informed, the $9 billion Members United Corporate Federal Credit Union provided members three different loss scenarios yesterday.

Scenario No. 1, assuming no additional OTTI and 23% U.S. Central MCS impairment would lead to a 9% depletion of member capital shares. However, scenario No. 2 would build in full impairment of the remaining $155.5 million investment in U.S. Central MCS, resulting in a 41% capital depletion for Members United. Finally, thought the corporate does not have figures back from its auditing firm yet, it estimated a 62% MCS depletion if a $100 million other-than-temporary-impairment hit was taken; Members United Senior Vice President of Marketing Vic Vrigian emphasized that this figure was purely for illustrative purposes though.