SACRAMENTO, Calif. — One of the prospective California bidders for the failed Cal State 9 Credit Union is making a case this week that NCUA, like it apparently did in Colorado on Norlarco CU, reject any bank suitors.

"This is a credit union matter and banks don't belong there," declared Teresa Halleck, president/CEO of the $6.7 billion Golden 1 CU.

Halleck confirmed that her CU like a handful of other large Bay Area CUs expects to send a representative to an NCUA bidders conference in Phoenix today to review the agency's package detailing financials of Concord-based Cal State 9, which fell into conservatorship last November after it got into serious trouble on real estate loans.

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