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Nevertheless, NCUA cautioned that credit union functioning under more than one brand need to ensure its associates recognize they’re working with one credit union as opposed to various unions. The letter additionally explained the Federal Credit Union Act permits the union that was continuous to appoint an advisory board made up of officers of the merged union to offer within an advisory position. Ultimately, the continuing credit union might reserve one seat on its nominating panel for a consultant of the credit union that is combined. The Credit Government liquidated the Mildred Mitchell-Bateman Clinic Credit Union of West Virginia.
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