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As CIT Group Inc., one of the nation’s largest small business lenders, warns about a potential bankruptcy, Shoreline Credit Union is more concerned about what is happening in its own backyard.

CIT said today it expects to see a second quarter loss of more than $1.5 billion. After the federal government refused to offer bailout funds to the company, CIT’s board approved a $3 billion emergency loan to help it continue to serve its more than one million small and medium-sized business customers. CIT said it may have to file for bankruptcy.

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