Conservatorships Require NPCU Financial Statement Adjustments
Credit unions finalizing 2008 annual reports will have to make some 11th-hour adjustments to their year-end financials, thanks to Friday's conservatorship of the $34 billion U.S. Central FCU and the $23 billion WesCorp.
The regulatory action forced the NCUA to revise its total NCUSIF liability to $5.9 billion, from its earlier estimate of $4.7 billion.
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