1, 2012, Corporate One's statement sent to TLCU showed balances of $229,984, $10,000 and $319,574 in three accounts, for a total of $559,468.
However, the authorities said, TLCU's December 2011 Call Report falsely listed $16,165,288 in assets deposited with correspondent credit unions.
TLCU's December 2011 call report, available on the NCUA's website, said the credit union had $229,894 in Nonperpetual Capital Accounts but no Perpetual Capital Account investments.