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The $8 billion Members United Corporate Federal Credit Union reported an $81.9 million OTTI in its newly released June financial reports, resulting in a $79.3 million net loss for the month.

The failure of two monoline insurers, FGIC and Syncora Guarantee, contributed to the losses. Members United also warned that Ambac and MBIA, which provide credit enhancements to a greater percentage of its investment portfolio, “have experienced ratings downgrades and their credit spreads are trending unfavorably.”

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