Central 1 Generates a Net Loss of $67 Million in Q1 2020; Capitalization, Funding, and Liquidity Positions Remain Sound
Central 1 Credit Union (Central 1) reported a net loss of $67.0 million in Q1 2020, up from a net loss of $9.3 million in Q4 2019. The sequential increase in the net loss was due to an unprecedented widening of credit spreads that generated mark-to-market losses on Central 1's net asset position.
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