In a week, the Twin Cities have witnessed the merger of one ethnic-based credit union and the NCUA conservatorship of another.
The $664 million TruStone Financial Federal Credit Union of suburban Plymouth, Minn., said pending NCUA approval it is merging effective mid-summer the ailing $6 million Ukrainian Credit Union of Minneapolis.
Then Wednesday night, the NCUA said it has conserved the $2.7 million Hmong American FCU of St. Paul, which it said would continue operating as usual from a different location.
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