The NCUA placed Hmong American Federal Credit Union of Saint Paul, Minn., into conservatorship. The credit union will remain open and operating, although services have moved to a new location. The National Credit Union Share Insurance Fund continues to insure individual accounts at Hmong. The total number of 2011’s failed institutions to 50 banks and credit unions that have been closed, acquired or conserved has been closed. The number of failed institutions has risen to 50, with 50 banks or credit unions closed or acquired.”]
Source: https://www.cuinfosecurity.com/two-federal-cus-conserved-a-3608