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DENVER — Colorado Commissioner of Financial Services Chris Myklebust said today, “NCUA is calling the shots” on when and if the agency would start a bidding procedure in spinning off the troubled $400 million Norlarco Credit Union of Fort Collins now in a so-called “daylight conservatorship.”

“We have always been in a joint agreement on this,” said Myklebust referring to decisions made in July to replace the Norlarco board, but retain new management including Robert Hamer, the president/CEO and a former executive at Mission Federal Credit Union in San Diego.

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