NCUA Reaps $569 Million More From Corporate CUs Liquidated in 2010 – Credit Union Times

March 1, 2022 By admin

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Corporate credit unions liquidated by the NCUA in 2010 have continued pay off after their financial demise, with the NCUA on Monday announcing it is giving back $569 million to the credit unions that once owned them.
The NCUA said it was distributing $359.2 million to more than 1,000 membership capital shareholders of the former Members United, Constitution and U.S. Central corporate credit unions. The NCUA said it had completed capital distributions to Southwest Corporate’s more than 1,100 shareholders last September, but in this round it is paying them $209.8 million in dividends.

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