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PASADENA, Calif. — Wescom Credit Union recouped its nearly $1 million investment in ACC Consumer Finance LLC when the company was acquired by CompuCredit at the end of 2006, said Jane Wood, executive vice president, but it has kept the ACC-generated portfolio of subprime auto loans.

Like Patelco (see related story page 1, 34) Wescom got into the business to bring a source of funding to borrowers with less-than-stellar credit at better rates than other players in the market, typically 17%-19% versus the bank market rate of 27%, said Wood. But Wescom got burned like Patelco did, just not as badly, because their portion of subprime loans is much

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