FORT COLLINS, Colo. — Demonstrating again what it says is a goodfaith gesture, Public Service Credit Union said this week it hasrehired more than 90% of the employees at the now defunct NorlarcoCredit Union which it took over last Friday.

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“How often is it in that any company can come in and give jobsto most of the employees of another company that was basicallybroke?” asked Jane Willard, assistant vice president of publicrelations for PSCU.

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In a formal statement, the president/CEO of PSCU said out of 104Norlarco employees, “we identified 100 in good standing that willembrace and adapt to our business ethics and strong managementprinciples and of those employees, we were able to extendemployment offers to 94%.”

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Among those let go, however, was President/CEO Robert Hamer whoPSCU said “did not fit into our plans” though no replacement hasyet been made.

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“We are undergoing a restructuring and there may be no directreplacement of Hamer” said Willard, who herself is well known inthe industry having served for 20 years as a lobbyist for theCredit Union Association of Colorado/Wyoming. She joined PSCU amonth ago.

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