By the end of October, the National Credit Union Administration will have fully repaid all monies borrowed from the federal government to cover the corporate credit union meltdown in the wake of the financial crisis more than eight years ago.

"This marks an historic moment for both NCUA and the entire credit union system," NCUA Board Chairman Rick Metsger said in a statement. "The success of the corporate resolution program is a testament to the hard work and perseverance of our entire team, and I extend my deep personal gratitude to all of them for making this possible."

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