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SAN DIEGO — Mission Federal Credit Union here lost $8 million in 2006, much of it due to Centrix Financial loans. The once soaring subprime auto lender whose Portfolio Management Program was halted by the NCUA’s Risk Alert in June 2005 went bankrupt and reorganized. But some credit unions are left with the consequences of having invested in a program that was touted as providing “improved yields” while covering risk through “A-rated insurance.”

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