Pamela Jorgensen, a former senior vice president of Minnesota Corporate Federal Credit Union, has been named interim CEO of Hmong American Federal Credit Union, which the NCUA placed into conservatorship on Wednesday.
The agency is still mum on the reasons for the conservatorship of the $2 million credit union in St. Paul, Minn.
It is "fixing identified weaknesses while continuing to provide services business as usual for the members of the credit union,'' NCUA Director of Public and Congressional Affairs Todd Harper said in an email.
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.
