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w¡n9Nµ7 §£@¥€r

And the hippies said credit unions were safe....

By w¡n9Nµ7 §£@¥€r in Off Topic

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

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Filed: Timeline
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The National Credit Union Administration said it has taken over and put into conservatorship the two corporate credit unions, U.S. Central Federal Credit Union, based in Lenexa, Kan., and Western Corporate Federal Credit Union, in San Dimas, Calif. U.S. Central has about $34 billion in assets while Western Corporate, known as WesCorp, has an estimated $23 billion in assets.

A conservatorship enables the government to operate a financial institution. Corporate credit unions provide financing and investment services to the much larger population of retail credit unions. Some of the 28 corporate credit unions in the U.S. have sustained steep losses on paper from the depressed value of the mortgage-linked securities they hold.

http://finance.yahoo.com/news/2-corporate-...f-14707022.html

Man is made by his belief. As he believes, so he is.

*Robert* Veteran

*Robert*   2

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Posted

:crying:

Say it isn't so... :cry:

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Nagishkaw Grand Master

Nagishkaw   510

Posted
Filed: Lift. Cond. (apr) Country: Egypt
 Timeline
Posted

0k. It isn't so.

Don't just open your mouth and prove yourself a fool....put it in writing.

It gets harder the more you know. Because the more you find out, the uglier everything seems.

kodasmall3.jpg

 

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