Constitution State CU Gets O.K. ForCharter Switch

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HARTFORD, Ct. - (09/09/05) -- The state Department of Banking saidThursday it has approved an application for Constitution State CUto convert to a federal charter. The charter switch will allow the$2 billion Wallingford-based corporate to save as much as $100,000a year in state supervisory fees and will exempt it from certaintaxes, including the Unrelated Business Income Tax, known asUBIT.

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