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More Troubled CUs Merged Out

DEC 5, 2012 8:25pm ET

ALEXANDRIA, Va. – NCUA yesterday reported it approved the merger of troubled L.C. School Employees FCU, a $27-million Gary, Ind., credit union that lost $1 million through the first nine months of the year, into $2.2-billion Teachers CU, South Bend, Ind.

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