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The NCUA’s official reason for liquidating the $2.4 million Shiloh of Alexandria FCU on April 12 is that the community development credit union was insolvent and had no prospect for restoring viable operations.

However, the Alexandria, Va.-based credit union’s year-end 2012 financial reports reveal no obvious signs of financial trouble. That, coupled with the sudden death of its volunteer manager, John DuPree Jr., just eight days before the NCUA moved in, leaves an intriguing story the regulator isn’t ready or willing to tell.

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