The National Credit Union Administration plans to sell another $1.5 billion of bonds later this week, resuming its effort to raise funds to finance the corporate credit union bailout.

According to industry officials close to the matter, this week's offering of NCUA Guaranteed Notes will be backed by floating-rate residential mortgage-backed securities owned by the five failed corporate CUs: U.S. Central Federal Credit Union, WesCorp Federal Credit Union, Members United Corporate Federal Credit Union, Southwest Corporate Federal Credit Union, and Constitution Corporate Federal Credit Union.

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