DENVER – Ent FCU said yesterday it has agreed to acquire financially troubled US Alliance CU, which wracked up one of the biggest losses for 2007, $7.8 million.
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Ent, Colorado’s biggest credit union, has been shopping among the credit union wreckage lately and put in a bid for the remnants of failed Norlarco CU, which were eventually acquired by Public Service CU.
US Alliance was founded in 1951 and serves federal employees. It reported a loss of $237,000 for the first quarter and assets of $59.3 million, down from $66.3 million a year ago.
Ent is a $2.4 billion credit union serving six surrounding counties.
