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Corporate Bailout Is Pushing Even More CUs into the Red

APR 24, 2009 12:47pm ET

ALEXANDRIA, Va. — Costs associated with NCUA's corporate bailout, as well as last month's failures of U.S. Central FCU and WesCorp FCU, are wreaking havoc on the first quarter financials of credit unions, pushing many of them into the red for the first time.

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