NCUA’s recoveries reach $2.5 billion in securities cases

first_imgFollowing an agreement reached Thursday with Credit Suisse for $29 million, the NCUA’s legal recoveries in securities cases will total $2.5 billion.The legal recoveries will be used, in part, to pay claims made against the Temporary Corporate Credit Union Stabilization Fund, in turn reducing the likelihood that assessments will be charged to federally insured credit unions to pay for losses caused by corporate credit union failures, according to the NCUA. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img