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Denied its NCUA application to convert to a federal charter in a contentious case, the $654 million Vantage CU of Bridgeton, Mo., may take its complaint to federal court.

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


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