NCUA official seal. (Source: NCUA)
The NCUA announced Monday it will pay credit unions $395 million in September from the remainders of four corporate credit unions it liquidated in 2010.
The NCUA, as liquidating agent, will distribute $313 million to more than 400 membership and paid-in-capital shareholders of the former Members United, Constitution and U.S. Central corporate credit unions. It will also distribute $82 million in dividends to more than 1,100 shareholders of Southwest Corporate.
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