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RALEIGH, N.C. — Sometimes members don’t want to hear that taking out a loan they can’t afford in the long run isn’t in their best interests, but that’s no reason to turn them away once they realize they’ve made a mistake and need help, said Maurice Smith, president of Local Government FCU here.

LGFCU has made Christmas a little merrier for more than 50 North Carolina families who will keep their homes because the CU made nearly $6 million in loans through two mortgage products, a five-year ARM and an All Savers Mortgage. “Some of these folks came to us originally and we said ‘no’ to them because we felt the loan they wanted wasn’t in their best interests; maybe it was for too much money or for another reason, but we made that decision and they went to another provider,” said Smith.

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