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DALLAS — Weeks after Kenneth Sorrels was replaced as president/CEO, Credit Union of Texas’ return on assets figures reveal a puzzling drop over a short amount of time.

According to data from Callahan & Associates, Inc., the $1.4 billion credit union’s ROA nosedived from .88% at the end of 2005 to .39% as of March 2006. Despite repeated calls, no one from CU of Texas responded to Credit Union Times to offer explanation on why the ROA dropped.

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