Washington State's banking regulator has found a new ally in his fight to banish private deposit insurance for credit unions from his turf: former Rhode Island governor Bruce Sundlun.

Mr. Sundlun, who cleaned up after the collapse of Rhode Island's private insurer in 1991, urged Washington's state lawmakers to require federal insurance for the 76 state-chartered credit unions covered by Washington State Credit Union Guaranty Association or risk a disaster.

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