There was little news revealed in NCUA’s Virtual Town Hall today, as the regulator primarily focused on reviewing corporate stabilization events that have occurred so far.

Members of newly named Members United Bridge Corporate FCU and Southwest Bridge Corporate FCU did learn today that NCUA will likely impair their remaining member contributed capital in September financial reports, as NCUA’s intervention will trigger a conversion of investments from held to maturity status to available for sale, prompting new OTTI charges.

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