The NCUA's dividend for federal credit unions is a welcome development, but it should be larger, NAFCU officials said Tuesday.
"We are pleased that credit unions will be receiving their dividend from the merger of the funds but will continue to push for more monies to be returned to credit unions," Carrie Hunt, NAFCU's executive vice president of government affairs and general counsel, said.
NCUA officials announced Tuesday that next week, the agency will pay the promised dividends for more than 5,700 institutions eligible for the $735.7 million Share Insurance Fund distribution.
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