WASHINGTON — Billions of dollars of losses accruing among corporate credit unions, a network of bankers' banks that aggregate the savings of tens of millions of credit union members, are being passed down the three-tiered credit union system to the bottom — the nation's 7,800 regular credit unions.

"The losses in the individual corporates are trickling down to individual credit unions," said Tun Wai, chief economist for the National Association of Federal Credit Unions, one of two main industry lobby groups.

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