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The recent spate of bank failures seems to be “taken in stride” by the public with no current evidence of CUs gaining substantial new business, the president/CEO of the $7 billion Alliant Credit Union of Chicago said Monday.

However, the deposit inflow into Illinois CUs as a result of consumer alarm over bank safety did occur last year and early in 2009 “and of course when the TV showed lines of people in front of IndyMac,” said David Mooney, the president/CEO of Alliant referring to the July 2008 failure of IndyMac Savings Bank in California.

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