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South Texas credit unions were acting cautiously Monday in connection with safety/soundness advertising following the weekend collapse of the $13 billion Guaranty Bank of Austin, the nation’s second largest banking failure in 2009.

“The bank’s troubles have been well known here for a long time and they really are not a factor in this market since most of their operations were elsewhere,” commented Tony Budet, president/CEO of the $1 billion University FCU of Austin. He said his CU has kept up its trusted adviser branding campaign all year and sees no need to alter strategy now.

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