Credit Union Agency Near Deal on Virginia HQ

WASHINGTON -- The National Credit Union Administration said it has entered into final negotiations to move its headquarters to Alexandria, Va., from Washington.

The move, which is expected to occur in two years, could save credit unions up to $35 million over 15 years, according to the regulatory agency.

The NCUA said that constructing a building in Alexandria should cost $4.2 million a year, compared with $6.5 million at the present location.

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