Members of the $1.3 billion Constitution Corporate FCU now own a $2.4 million deficit that's guaranteed by the National Credit Union Share Insurance Fund.

Southwest Corporate Federal Credit Union's Sept. 30 financial statements show a slightly stronger capital position over July 31.

The $18 billion Western Corporate Federal Credit Union issued $1.5 billion in three-year notes last week, according to transaction information provided by the NCUA.

September 2009 financial reports are creating two distinct corporate credit union camps:

The NCUA's final town hall meeting, a Webcast that allowed viewers to ask live questions anonymously,

The $18 billion Western Corporate Federal Credit Union recorded other-than-temporary-impairment charges totaling $356 million for the third quarter of 2009, the NCUA announced today.

U.S. Central Federal Credit Union released its third quarter 2009 financial statements today, announcing a $308.5 million net loss that depletes remaining member capital shares to only $140 million as of Sept. 30, now an 88.7% impairment.

U.S. Central's third quarter losses will deplete another $51.7 million from the membership share accounts of Members United Corporate, the Warrenville, Ill.-based institution announced today.