The NCUA on Wednesday conserved the $9 million Valued Members Federal Credit Union of Jackson, Miss., and the $2.7 million Hmong American Federal Credit Union of St. Paul, Minn.
The NCUA, which has conserved five credit unions this year, didn't state specific reasons for its decisions to conserve these credit unions except to say that the agency planned to correct "previous service and operational weaknesses.''
The agency emphasized that both credit unions are operating as usual, though the office of the Hmong American FCU has moved.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
