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Miscellaneous

Ailing Northridge Community CU Cited for Violating Fixed-Asset Limits

MAY 21, 2008 8:55pm ET

HOYT LAKES, Minn. – State regulators issued a cease and desist order last week against Northridge Community CU for exceeding the state’s limits on holding of fixed assets and the $36 million credit union said it plans to sell one of its branch buildings to satisfy the regulators.

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