Corporate Credit Unions: Condition, Issues, and Concerns (Testimony,
10/06/94, GAO/T-GGD-95-15).

Thousands of insured credit unions have placed about $30 billion--a
substantial part of their unloaned deposits--in the 44 corporate credit
unions for investment purposes. This concentration of credit union
assets represents a large potential risk to the National Credit Union
Share Insurance Fund, so the safe and sound operation of corporate
credit unions is a necessity. This testimony highlights the combined
financial condition of these institutions, their investment policies and
practices, and current issues they are facing. GAO also discusses
potential problems that could affect the financial health of the
corporate credit unions, the credit union industry, and the Insurance
Fund.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  T-GGD-95-15
     TITLE:  Corporate Credit Unions: Condition, Issues, and Concerns
      DATE:  10/06/94
   SUBJECT:  Financial institutions
             Credit unions
             Regulatory agencies
             Risk management
             Bank management
             Insured commercial banks
             Financial management
             Investments
             Banking regulation
             Losses
IDENTIFIER:  NCUA Share Insurance Fund
             
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