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.
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