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SAN FRANCISCO — The bidding interest by credit unions into merging the failed $339 million Cal State 9 CU of Concord, now in NCUA conservatorship, appeared to be spiking Monday with at least one large Illinois CU, the $3.6 billion Citizens Equity First reportedly now in the fray.

“We cannot comment on that matter but I can confirm that apparently the NCUA looked upon us as financially sound, operationally strong and invited us to make a bid,” declared Mark Spenny, the president/CEO of the Peoria CU.

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