Corporate Central CU Members Pledge Capital
MUSKEGO, Wis.-Corporate Central CU reported its members have contributed more than $60 million in perpetual contributed capital (PCC) since a capital building effort was launched in July 2009.
The result of the capital, along with retained earnings, means CCCU exceeds all capital measures contained in NCUA's new corporate CU regs. It includes retained earnings of 1.18%, core capital ratio of 4.27%, total capital of 8.73%, and a Base Case NEV Ratio of 9.04%. CCU said that in addition to the PCC, it secured more than 17 service commitments and has welcomed 40 new full members.