FORT COLLINS, Colo. — The Coloradoan newspaper here has run eight stories in less than a week on the July conservatorship of Nortlarco Credit Union and the risk it took by investing in Florida real state.

The stories have generated over 100 posts to a readers' blog that express shock, dismay and anger over a local institution that is investing members' money by granting loans to Florida residents of less than credit-worthy status.

A stream of umbrage is descending upon state regulator Chris Mycklebust for not reporting the conservatorship, which he contends is prevented by law. The attention has now moved to several state lawmakers who expressed an interest in changing the law so that members will no longer be kept in the dark when an institution is taken over by regulators. The greater questions are yet to be addressed by them, and the CU's management, however. That is just how and why Norlarco got involved in Florida west coast properties in the first place.

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