A Michigan court has ordered Dearborn Federal Credit Union to pay $1.2 million to account holders who bought its family group life insurance after August 1984.

The Circuit Court for the District of Wayne County, with judges Michael F. Sapala and William Leo Calahan presiding, ruled on Dec. 22 that Dearborn Federal breached contract agreements by using premiums to pay for operating expenses for the past 12 years.

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