Wisconsin Banking Update
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Credit Union Car Lot May Get Reprieve
Posted on June 2nd, 2009 No commentsA used car sales business operated by Educators Credit Union in Sturtevant may get to stay in business. An amendment added during an overnight session of the Joint Finance Committee would exempt Educators from a state law that prohibits credit unions from selling cars as part of their daily operations. The credit union had been ordered by regulators to shut down the car sales business next year, according to the Milwaukee Journal Sentinel.
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