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The $1.24 billion Polish and Slavic Federal Credit Union has signed site contracts to open four new branches in roughly the next two years, the credit union confirmed.

A spokesman for the credit union said the first two branches would open in the Chicago area late in 2009 or early in 2010. The others would follow later, he said. This will be the farthest expansion of the ethic credit union away from its Brooklyn, New York home ever, though the credit union has previously opened branches in New Jersey and Long Island.

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