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PLEASANTON, Calif. — Sterlent Credit Union, which was on the verge of facing Prompt Corrective Action at the end of last year with a net worth ratio of 6.08%, is insolvent. Sterlent’s net worth is now -0.29%. With delinquency at 3.76% and charge-offs for the quarter ending March 31 of $3.8 million and a return on assets of -22.13% and a net income loss for the quarter of $5.5 million, the CU is either facing a conservatorship, liquidation or forced merger.

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