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SUPERIOR, Wis. — Taking a cue from the American Bankers Association in attacking credit union loans in the Florida land scandal, the state’s banker trade group lobbed a media broadside this month at the $143 million Superior Choice Credit Union for holding faulty participation loans with Norlarco Credit Union of Fort Collins, Colo.

In a news release distributed throughout the state and in this far northern Wisconsin community, the Wisconsin Bankers Association charged Superior Choice had veered far off its charter and “abused its tax exempt status by pursuing a commercial loan adventure more than 1,500 miles from the south shore of Lake Superior.”

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