Regulator Takes Over Credit UnionGroup

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LAWRENCE, Kan. - (03/16/06) – State regulators with theKansas Department of CUs said Wednesday they have taken overfinancially ailing Credit Union Group, the product of three recentmergers. The $20 million credit union reported negative net incomefor 2005 and declining net worth. The state regulator plans tooperate the credit union under conservatorship until the financialcondition can be resolved.

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