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Though admitting that Nevada banks suffer equally with credit unions from the state’s severe recession, the head of the Nevada Bankers Association found last Friday’s takeover of troubled Ensign Credit Union of Henderson by a Dallas CU “a real question mark as to whether credit unions should be in the business of making commercial loans.”

“One can reasonably argue from the record of several other Nevada credit union failures that there are people in credit unions who lack the experience to make these kinds of loans and there have been problems on indirect, too,” charged William Uffelman, president/CEO of the NBA.

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