Nearly a year and a half after several members sued the NCUA to recover $4 million involving the defunct New London Security Federal Credit Union, their case was recently dismissed by a federal court for missing a key deadline.
The five members failed to file their suit within the six-month deadline window after the NCUA board denied their initial administrative claim.
David Small, NCUA spokesman and assistant director of public affairs, confirmed with Credit Union Times that a Federal Tort Claim Act complaint filed by the former members of New London against the regulator was dismissed as being untimely.
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