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Tomorrow NCUA staff will provide a report to the NCUA Board on the state of the NCUSIF. As the NCUA is going through this exercise, it still has not provided its 2008 annual report to credit unions. Speculation around the industry is running rampant as to why, and anger at the agency’s hypocrisy after condemning the corporates (and mutual savings bank conversion candidates for that matter) on their lack of transparency is coming to a head. As an aside, Members United has not yet provided its Q4 2009 investment losses.

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