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The NCUA’s contentious denial last week of a federal conversion charter sought by the $654 million Vantage Credit Union of Bridgeton, Mo., could soon head to a federal court, it was disclosed Monday.

The possibility of litigation on the two-year-old community charter case by Vantage regarding its attempt to broaden its bi-state field of membership was raised by Hubert Hoosman, its president/CEO, who charged that the NCUA board made serious and “very troubling errors with broad injury to multiple community charters everywhere.”

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