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Despite Continued Losses, High Desert Management Insists It's Not Merger Bait

JAN 9, 2009 3:28pm ET

APPLE VALLEY, Calif.-High Desert FCU, which was taken into conservatorship by NCUA in October, continues to post losses and capital has declined to nearly 2%, but management insists the credit union is not looking for a merger partner or a purchase and assumption agreement.

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