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CAPE CORAL, Fla. — The NCUA watchdogs may be trying to salvage both Norlarco Credit Union in Fort Collins, Colo. and Huron River Area Credit Union in Ann Arbor, Mich., but potential losses from construction loans both made to build homes here are increasing as defaults soar. And the black eye from negative PR the credit union movement may get from the many lawsuits filed that involve the CUs may make survival difficult. Finding a CU willing to merge with either one may be just as problematic.

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