NCUA to Distribute $395 Million Under Corporate System Resolution Program

ALEXANDRIA, Va. (August 29, 2022) – The National Credit Union Administration, in its role as liquidating agent, announced a $313 million distribution to more than 400 members and paid in capital shareholders of the former Members United, Constitution, and U.S. Central corporate credit unions. NCUA will also distribute $82 million in dividends to more than 1,100 shareholders of Southwest Corporate. NCUA completed capital distributions to Southwest Corporate capital holders last year.

“The NCUA has reached another milestone in winding down the remaining asset management estates under the successful Corporate System Resolution Program,” Chairman Todd M. Harper said. “Thanks to the diligent efforts of the NCUA team over more than a decade, we continue to fulfill our fiduciary responsibility to return these funds to capital holders. As a result, the federally insured credit unions receiving these distributions will have the capacity to lend more and better offer safe, fair, and affordable financial products. That is good for credit union members and for our economy.”

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Mortgage Rates See Biggest Decline in a Year; Applications Rise

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Speakers & Sessions For NCOFCU 24 San Antonio TX.

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