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Magnolia Purchases Valued Members

Magnolia FCU purchased and assumed the assets of Valued Members FCU, which the NCUA liquidated on May 31 after conserving it last month because of its financial problems. It is the ninth federally insured credit union liquidated in 2011.

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Magnolia FCU purchased and assumed the assets of Valued Members FCU, which the NCUA liquidated on May 31 after conserving it last month because of its financial problems. It is the ninth federally insured credit union liquidated in 2011.

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Peter Westerman

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