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The $8.9 billion Members United Corporate FCU yesterday reported a $4.6 million net loss for July 2010, driven by $8 million in new other-than-temporary-impairments from its latest investment review.

Although the red ink drops the Warrenville, Ill.-based corporate to an $11 million year-to-date net loss, the new OTTIs were absorbed by retained earnings and did not impair its remaining $14.6 million in member capital shares. Retained earnings dropped to just under $4 million after accounting for the losses.

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