CAPITOLA, Calif.-Bay Federal Credit Union is a stronger CU today than when it entered into the recession.

That is the message from Carrie Birkhofer, CEO of the $601-million CU in this seaside town near Santa Cruz. Birkhofer said the key word for Bay FCU in coping with the economic downturn has been "proactive," including tightening credit, implementing loan modification programs and reducing expenses.

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