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Southeast Wisconsin credit unions, which lost millions in the March bankruptcy of Central States Mortgage Co., a CU-owned CUSO, and CU Fleet, a Milwaukee auto dealership, apparently have reached a settlement allowing them to recover claims totaling $82 million, according to local media reports.

In articles appearing this week, the Milwaukee Business Journal quoted the CSMC receiver and CU officials as saying a group of 24 CUs had recently reached an agreement that gives them control of $71.5 million in loans and lender-owned homes in the Central States Mortgage receivership, which went before a Milwaukee County Circuit Court last spring.

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