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Illinois credit unions are about to receive a $6.2 million windfall following resolution of a protracted lawsuit by the Illinois Credit Union League against the administration of former governor Rod Blagojevich.

The $6.2 million payment from the state follows passage of enabling legislation signed Monday by Gov. Patrick Quinn, which clears final roadblocks on the so-called “fee raid” or sweeps on CU and bank examiner fees seized by the Blagojevich administration in 2004 and challenged by financial trade groups in lawsuits.

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