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SACRAMENTO — Nearly one-third of all credit unions in California reported negative ROA during the 1st quarter 2008, thanks to large increases in loan loss provisions. Delinquencies and charge-offs are up at $6.7 billion The Golden 1 Credit Union, too; but, CEO Teresa Halleck’s shop also delivered 0.92% ROA for 1st quarter 2008, the exact same figure as 1st quarter 2007.

“The primary factor, I would say, is that we did not partner with any external firms for our home equity lending,” Halleck said.

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