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As expected, the ailing $6 million Mission SF Federal Credit Union of San Francisco was seized over the weekend by NCUA and in a purchase/assumption deal awarded to the $360 million Self-Help FCU of Durham, N.C.

The planned merger with the North Carolina CU, which already operates a northern California branch network, had been signaled as early as last month as the beleaguered community development CU pursued a local and national campaign to raise $200,000 in new capital to stave off its eventual liquidation.

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