The United States Bankruptcy Court for the District of New Mexico recently held that a federal credit union chartered under the Federal Credit Union Act, 12 U.S.C. §§ 1752, et seq., constitutes an “instrumentality of the United States” included in the definition of a “governmental unit” under the United States Bankruptcy Code, 11 U.S.C. §§ 101, et seq. (“Bankruptcy Code”), qualifying federal credit unions for the longer 180-day deadline to file bankruptcy claims. In re Marquez, Case No. 19-10284-j7 (Bankr. D. N.M. Sept. 30, 2020).
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