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Corporate Central Credit Union is ready for the NCUA’s proposed corporate regulations. The $1.9 billion wholesale credit union announced last week that it had raised $50 million worth of Tier 1 capital from members, raising its core capital ratio to nearly 4%.

Additionally, the Muskego, Wis.-based corporate announced it is on pace to report 1% retained earnings by Sept. 30. That’s well ahead of the proposed retained earnings requirement, identified by many corporates as one that could be tough to meet.

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Peter Westerman


Credit Union Times

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