NCUA to Distribute $569 Million

NCUA to Distribute $569 Million Under Corporate System Resolution Program

ALEXANDRIA, Va. (Feb. 28, 2022) – The National Credit Union Administration, in its role as liquidating agent, announced a $359.2 million distribution to more than 1,000 membership capital shareholders of the former Members United, Constitution, and U.S. Central corporate credit unions. NCUA will also distribute $209.8 million in dividends to more than 1,100 shareholders of Southwest Corporate. NCUA completed capital distributions to Southwest Corporate capital holders last year.

“This latest distribution is another important milestone in the successful Corporate System Resolution Program,” Chairman Todd M. Harper said. “As we wind down the remaining asset management estates, we will continue to minimize costs and maximize returns. In doing so, we will fulfill our fiduciary responsibilities as both the conservator and liquidator of the failed corporate credit unions and return additional funds to capital holders.” View the entire press release​