The NCUA-rejected sale of the $600 million United Services of America FCU’s South Korean and Japanese branches was worth as much as $30 million, California Credit Union League Interim CEO Dave Chatfield said.

USA Fed CEO Mary Cunningham told the San Diego Business Journal she had attracted three interested bidders for the branches “that would have saved the institution.” However, NCUA rejected the capital restoration plan as too risky, and forced the credit union to merge instead.

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