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Arrowhead: Timely Takeover Or Impressive Turnaround Stymied?

JUL 12, 2010

SAN BERNARDINO, Calif.-Arrowhead Credit Union, which had posted staggering losses of $29 million in 2008 and $47 million in 2009-the latter figure weighed down by $79 million in loan and lease loss provisions-managed to eke out a gain of $752,000 during Q4 2009, followed by net income of $2,591,932 in...

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