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The NCUA clarified Constitution Corporate Federal Credit Union’s regulatory status to the Credit Union Times late yesterday, saying the $1.3 billion corporate is not under conservatorship, nor has it received a capital infusion or any other new financial support.

But like WesCorp, which depleted all member capital in March 2009 and reported a nearly $5 billion Prior Undivided Earnings Deficit as of Dec. 31, Constitution Corp’s $25 million PUED is guaranteed by the National Credit Union Share Insurance Fund.

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