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Credit Union Journal

Wednesday, February 8, 2012, as of 11:15 AM EDT

Florida Gulf Coast Real Estate Bust Tied To CU Scheme

Credit Union Journal Daily Briefing  |  Wednesday, October 22, 2008

FT. MYERS, Fla. – The collapse in real estate values in three surrounding southwest Florida counties, bringing thousands of foreclosures and pushing dozens of credit unions and banks into the red, is being partially blamed on an ill-fated credit union-backed real estate scheme...

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