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Miscellaneous

NCUA Throws in Towel on Norlarco CU

OCT 29, 2007 9:50pm ET

In a move that will ripple through the credit union movement, NCUA on Friday announced it has begun negotiations with three Colorado credit unions to buy the healthy assets of Norlarco CU, the once-$340 million institution that failed because of loans made to far-flung real estate developments in southwest Florida.

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