WASHINGTON - Officials from retail corporates say they're concerned U.S. Central's $1.1 billion year-end net loss and corresponding $1 billion NCUSIF capital injection has devalued the funds they've invested in the wholesale corporate.

SAN DIMAS, Calif. - The slow-going process of determining collateralized debt obligation (CDO) values and the effect of U.S. Central's losses is causing some corporates to delay December 2008 financials, or release them with an asterisk.

SACRAMENTO, Calif. -- The Golden 1 Credit Union donated a foreclosed property to the Sacramento Habitat for Humanity in December, the second property the $7 billion credit union has donated to the charity, according to President/CEO Teresa Halleck.

READING, Pa. -- Even in Pennsylvania and even with only $80 million in assets, CTCE FCU still puts in hours avoiding foreclosures.

SAN DIEGO -- If homeownership is the cornerstone of a healthy community, year-end loan-loss provision trends predict a sickly 2009 in Arizona, California, Florida and Nevada.

ANTIOCH, Calif. -- Robert Greaff, President/CEO of the $28 million Delta Schools Federal Credit Union, said real estate loan-to-value is so bad in his Bay Area bedroom community half of his home equity portfolio is 100% LTV or greater.

SAN DIEGO -- Fourth-quarter financial reports reveal that many credit unions increased their loan-loss provisions 100% or more over last year; for many, accounting for impaired loans is wreaking havoc on capital positions.

WASHINGTON - The NCUA's potential overhaul of the entire corporate network is appropriate even during a time of crisis and budget crunches, said NCUA Chair Michael Fryzel today.