63 Iowa Credit Unions Sue NCUA for $4.2 Million in Corporates' Recovered Assets

The lawsuit alleges NCUA wrongfully denied payments because remaining assets of dissolved corporates belonged to CUs and other organizations.

By Peter Strozniak | June 07, 2023 at 04:00 PM

lawsuit filed and a statue of lady justice

Sixty-three of Iowa's 75 credit unions are suing the NCUA for $4.2 million in recovered assets following the liquidation of the nation's largest corporate credit union, U.S. Central FCU, in 2010.

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CFPB Mulls Collecting Auto Loan Data From Credit Unions

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