Wisconsin Banking Update
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Summit CU Takes Financial Hit
Posted on August 14th, 2009 No commentsSummit Credit Union – the largest credit union in Wisconsin – posted a $3.4 million loss through the first half of 2009. Summit is choosing to pay its portion, $9.2 million, of a required payment to the CU deposit insurance fund all at once rather than spreading out the payments, the Milwaukee Journal Sentinel reported.
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