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IN THE NEWS NCUA Closes U.S. Central Bridge The National Credit Union Administration (NCUA) announced the closing of U.S. Central Bridge Corporate Federal Credit Union (U.S. Central Bridge) on October 29. The closing comes after three years of efforts to stabilize the corporate credit union sector, the agency stated in a release. "Decisive actions by both NCUA and credit unions brought the system back from the brink. It wasn't easy, and it required sacrifices, but there was no interruption of service to members while we overcame the worst economic crisis since the 1930s," said Debbie Matz, NCUA board chairman. "We now have a stronger, safer system," Matz continued. "We have set high standards for corporate credit union investments, capital, and governance, and we've created a new operating environment for wholesale corporate credit unions to serve retail credit unions. The decisions NCUA and credit unions made have produced a solid foundation for the future." In October 2010, U.S. Central Bridge took over operations of U.S. Central Federal Credit Union (U.S. Central), which experienced significant losses after buying faulty mortgage-backed securities (MBS). U.S. Central was founded in 1974 and once stood as the largest corporate credit union. In order to avoid disruption to the credit union system and protect consumers, U.S. Central was placed into a conservatorship and eventually transitioned into Lenexa, Kansasbased U.S. Central Bridge. To recover losses, NCUA says it has filed lawsuits against seven Wall Street securities firms that sold "faulty" MBS products to the failed institutions. NCUA has separately settled for over $170 million with Citigroup, Deutsche Bank Securities, and HSBC. Kentucky Maine rank: 23 90+ Day Delinquency Rate Foreclosure Rate september 2012 2.42% rank: 6 Unemployment Rate 3.05% 8.4% 2.53% 5.69% 3.31% 9.5% 2.68% -4.2% -11.6% 3.6% 7.4% Top County WashingTon CounTy Foreclosure Rate 90+ Day Delinquency Rate september 2012 7.47% 3.41% 12.62% year ago 8.34% 3.77% percent point change -0.1% Foreclosure Rate september 2012 year ago 3.22% 2.7% Top County BaTh CounTy 3.21% 7.4% percent point change -7.9% 90+ Day Delinquency Rate 7.6% 5.30% percent point change 11.79% percent point change -10.4% -9.4% 7.0% Top Core-Based Statistical area Top Core-Based statistical area SomerSeT, Ky LeWisTon-auBurn, Me 90+ Day Foreclosure Delinquency Rate Rate september 2012 90+ Day Delinquency Rate Foreclosure Rate september 2012 3.50% 6.50% 3.43% 7.35% year ago 3.51% year ago 6.42% 3.72% percent point change -0.4% 6.04% percent point change 1.3% -7.8% 21.8% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. note: Louisiana Maryland 90+ Day Delinquency Rate Foreclosure Rate september 2012 3.60% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. rank: 9 rank: 22 Unemployment Rate 3.15% 7.0% 90+ Day Delinquency Rate Foreclosure Rate september 2012 3.77% 3.49% 4.87% 3.32% 7.2% 4.82% -5.3% -2.8% 3.41% -21.8% 6.48% 42.6% 3.94% 6.69% 9.13% year ago 5.65% 6.39% -30.3% 4.6% CAMBriDge, MD 90+ Day Delinquency Rate Foreclosure Rate 3.94% 5.35% 5.65% 5.59% note: 5.04% percent point change percent point change 22.8% 9.13% year ago year ago 5.34% Foreclosure Rate september 2012 september 2012 6.56% 81.2% Top Core-Based statistical Area BaSTroP, La 90+ Day Delinquency Rate 5.04% percent point change percent point change -1.3% -2.8% DorChesTer CounTy 90+ Day Foreclosure Delinquency Rate Rate september 2012 Foreclosure Rate year ago 6.57% 7.1% Top County Top County ST. Bernard PariSh 90+ Day Delinquency Rate september 2012 6.9% percent point change percent point change 3.0% Unemployment Rate year ago year ago $24.4 million 108 2.77% Unemployment Rate year ago Top Core-Based Statistical area Source: Kansas Attorney General's Office Foreclosure Rate september 2012 year ago STAT INSIGHT Mortgage assistance provided to Kansas homeowners under the national settlement between March 1 and September 30. 90+ Day Delinquency Rate -30.3% -4.2% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. note: 81.2% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services.

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