We performed this material loss review to satisfy the requirements of the FCU Act, which requires the NCUA OIG to conduct a material loss review of an insured credit union if the loss to the NCUSIF7 exceeds $25 million.8 NCUA confirmed that as of July 2011, the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) had recorded a loss of $145 million for Constitution. Consequently, in accordance with the FCU Act and Chapter 3 of the NCUA Special Assistance Manual, NCUA OIG contracted with Crowe to conduct a material loss review of Constitution.