This memorandum responds to your re

This memorandum responds to your request for review and comments on the material Loss Review of Constitution Corporate Federal Credit Union provided on August 15,2011. Pursuant to Section 206(j) of the Federal Credit Union Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the National Credit Union Administration’s Office of Inspector (OIG) contracted with Crowe Horwath, LLP to conduct a material loss review of Constitution Corporate Federal Credit Union (Constitution), Wallingford, Connecticut. Constitution was placed under NCUA conservatorship on September 24,2010 and liquidated on November 30,2010, with certain assets, liabilities, and shares transferred to Members United Bridge Corporate Federal Credit Union through a purchase and assumption agreement.