Capital at 'Solvent Five' Survives Total U.S Central Impairments

After releasing November financial statements, in which many corporate credit unions wrote off 100% of their U.S. Central capital investments, only five can say their capital remains unimpaired: the $2 billion Corporate America Credit Union, the $2.2 billion Corporate Central Credit Union, the $3.5 billion Corporate One Federal Credit Union, the $92 million Iowa Corporate Central Credit Union and the $1 billion Volunteer Corporate Credit Union. Of the five, Corporate America and Corporate Central have even raised paid-in capital from members, getting a head start on proposed NCUA regulations that will likely increase the required ratio of non-callable, GAAP-approved PIC to moving average assets.