Change in Rules Aids Credit Unions Most Are in the Black This Year Despite Cost of Replenishing Insurance Fund
The Milwaukee Journal Sentinel › November 19, 2009
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Summary
By PAUL GORES
All but one of the largest credit unions in Wisconsin operated in the black through the first three quarters of this year, helped by an easing of rules that allows them to spread out the cost of replenishing the industry's hard-hit deposit insurance fund.See the full content of this document
Extract
Change in Rules Aids Credit Unions Most Are in the Black This Year Despite Cost of Replenishing Insurance Fund
The only top-10 credit union to post a loss during the period, Madison-based Summit Credit Union, said Wednesday it, too, will be profitable by the end of the year, in part...
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