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ALEXANDRIA, Va. — Improved CAMEL ratings resulted in a $147.2 million reduction in reserves during the third quarter for National Credit Union Share Insurance Fund, Chief Financial Officer Mary Ann Woodson reported during Thursday’s board meeting.

Woodson said the fund’s reserve balance fell from $606.6 million as of June 30 to $484.9 million as of Sept. 30. Of the $485 million in reserves, $171 million is set aside for specific reserves, with the remaining $314 million tagged for non-specific reserves, she said.

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