Skip to main content

Allocation of Settlement Proceeds to the National Credit Union Administration

Date of Issuance:
Headnotes

Under the Miscellaneous Receipts Act, the Department of Justice must deposit into the general fund of the Treasury the proceeds of a settlement under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Although this settlement in part reflected losses by the National Credit Union Administration’s Share Insurance Fund, the “refunds to appropriations” exception to the Miscellaneous Receipts Act does not apply.

Updated November 14, 2024