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U.S. Rescues Saved 1,000 Credit Unions

U.S. rescues prevented the failure of about 1,000 consumer credit unions, a regulator said Thursday, as the government stabilized three wholesale credit unions crucial to the retail system.

 

Feds seize 2 corporate credit unions

Federal regulators on Friday seized control of two large institutions that provide wholesale financing for U.S. credit unions, a move they say was needed to stabilize the credit union system.

 

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