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DETROIT — Sometimes timing is everything. For the $700 million Detroit Edison Credit Union, the unfortunate collapse earlier this year of the $250 million Huron River Area Credit Union in nearby Ann Arbor just happens to fit neatly into its strategic expansion for branches and new members.

Huron River is, of course, the Michigan CU caught up in bad loans arising from the Florida real estate turmoil, which also brought down two Colorado CUs–Norlarco of Fort Collins and New Horizons Community of Denver under NCUA purview.

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