American First CU’s Bob Street Retires

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LA HABRA, Calif. – American First CU, a troubled, one-time $690 million credit union, yesterday said its long-time president and CEO Bob Street is retiring.

During his 20 years at the helm Street grew the credit union from $200 million to a high of $692 million in 2008. But hard times have forced a retrenchment and the credit union was down to $570 million after losses of $14.5 million in 2008 and $14.4 million in 2009 and a loss of $1.7 million for the first quarter of 2010.

 

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