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NCUA Unveils Plan for Stabilization Fund Distributions
Friday, February 16, 2018 6:35 AM

The NCUA board unveiled its plan for share insurance fund equity distributions at its Thursday meeting. The board unanimously voted to declare a distribution in the form of a dividend in the amount of $735.7 million for the year ending Dec. 31, 2017. The board estimates this dividend will be paid in the third quarter of 2018.  

“We appreciate NCUA's efforts to ensure that stabilization fund distributions are delivered to credit unions in 2018," said Cornerstone President/CEO Caroline Willard. "Returning funds to credit unions will enable them to better serve their members. We also appreciate CUNA, our national partner, for its role in lobbying the NCUA about the importance of making those distributions this year. We look forward to hearing the NCUA's plans for the return of member capital, as well."

Cornerstone supports a transparent and equitable method for repaying credit unions, which is reflected in our September 2017 comment letter to NCUA.