DES MOINES, Iowa — Iowa Central Corporate CU is working closely with its audit firm to determine any potential impairment from its our shares at U.S. Central. "We would remain well capitalized with a total capital ratio in excess of 20%, five times the regulatory minimum, in the event of a full write-down of capital shares at U.S. Central," said President Sara Flynn.
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Like other corporates, Iowa Central is glad it had communicated info regarding its maximum explosure in uninsured shares at U.S. Central with members before the takeovers.
"We also plan to deliver additional communications displaying the impact of the write-down on uninsured shares in U.S. Central, demonstrating our strong capital position," said Flynn.
