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North Dakota credit unions want their slice of the ‘resolution’ pie

September 9, 2022

The National Credit Union Administration continues to distribute recovered funds to credit unions across the country, but some in North Dakota believe they are being disregarded and deprived of more than $10 million.

The NCUA Aug. 29 said it will distribute $395 million to thousands of credit unions as part of its ongoing effort to resolve the dissolution of four corporate credit unions after the financial crisis.

The Corporate System Resolution Program was established by the NCUA to stabilize, resolve and reform the corporate credit union system in the wake of the 2008 financial crisis.

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