The status of attached shares in the liquidation of a credit union

127.3 the effect of liquidation is that attached shares would no longer be available as cash collateral against the KCU loans, weakening the overall credit quality of the portfolio on a gross loan basis. The withdrawal of such collateral will inevitably lead to an increased likelihood of borrower default (as compared to when such collateral underpins the security of the loan on a going concern basis);

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