Friday, February 3, 2012

UNITEHERE Missed TARP Dividend Payment

UNITEHERE Federal Credit Union (Workers United FCU) of New York City missed its interest/dividend payment on its capital investment of $57,000 from the TARP Community Development Capital Initiative (CDCI), according to a report from the Department of Treasury. UNITEHERE is the first credit union to miss an interest/dividend payment.

Five banks have also missed CDCI interest/dividend payments, although one bank subsequently made up its missed payment.

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