NCUA Liquidates Hmong American FCU

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ST. PAUL, Minn. – NCUA has liquidated the $2.7-million Hmong American FCU here, after earlier placing it in conservatorship.

The agency said it made the move to discontinue Hmong American’s operations after determining the credit union is insolvent and has no prospects for restoring viable operations. HAFCU is the eighth credit union to close in 2010.

 

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