Despite a new $1 million OTTI, the $1.2 billion Constitution Corporate FCU rounded out the first quarter with a net profit of $708,000.

The NCUA board may vote in June to separate corporate credit union assessments from those that cover natural person credit union losses.

Pressure from regulators to increase earnings has lead the board of Missouri Corporate CU to lower its overnight dividend rate to 0%, effective May 1.

The $3.7 billion Corporate One FCU did not record any OTTIs against $35.5 million worth of securities wrapped by monoline insurer Ambac Assurance Corp., according to its March 2010 financials.

New losses at corporate credit unions increased the Temporary Corporate Credit Union Stabilization Fund loss provision by $1 billion during the month of March, the NCUA reported.

As executive compensation is made increasingly public, and credit union professionals become privy to what their colleagues earn, they're sharing the information with each other and the press.

The $10 billion Southwest Corporate FCU joined Corporate One FCU in deciding not to take any additional OTTI related to the Wisconsin insurance regulator's March 25 action against monoline insurer Ambac Assurance Corp.

Accounting firm Crowe Horwath put an asterisk on its audit approval of Southwest Corporate FCU's 2009 annual report, and it wasn't the usual exception that member capital shares should be reported as liabilities instead of equity.