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Following through on its NCUA plan to expand its national footprint, the $1.2 billion Chartway Federal Credit Union of Virginia Beach, Va. merged the troubled $311 million HeritageWest FCU of Tooele, Utah in an agency-approved purchase/assumption deal over the New Year’s weekend.

For the agency, it was the 15th and final NCUA liquidation of 2009 and underscored the difficult economic year for the industry while also dwarfing the FDIC/banking industry’s 133 failures.

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