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.
The $1.3 billion Cobalt Credit Union in Papillion, Neb., and the $1 billion Marine Credit Union in La Crosse, Wis., are also listed as plaintiffs.
https://www.cutimes.com/2023/06/07/63-iowa-credit-unions-sue-ncua-for-4-2-million-in-corporates-recovered-assets/?kw=63%20Iowa%20Credit%20Unions%20Sue%20NCUA%20for%204.2%20Million%20in%20Corporates%27%20Recovered%20Assets