WASHINGTON — The Office Of Thrift Supervision has approved theapplication of the $1.3 billion Think Federal Credit Union,headquartered in Rochester, Minnesota to convert to a mutualsavings bank.

The approval had been expected by May 11 but the agency hadgranted the CU a 30 day extension to complete the application andreview process.

Think's most recent annual report thanked its members forsupporting the charter conversion and added:

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