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DECAUTER, Tenn. — A group of manufacturers, industrialists and entrepreneurs is spearheading an effort to found a low-income, community chartered credit union in the sparsely populated Meigs County in Tennessee.

If it opens on time in July of this year, the Mid East Tennessee Community Credit Union will be the most recently chartered Tennessee credit union. It will start business designated as a low-income credit union serving the entire county, even though it was a few of the small county’s employers who worked hard for the CU’s charter.

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