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Members United Announces $150 Million October Loss

Members United Corporate Federal Credit Union announced Friday a nearly $150 million net loss for October 2009.

By Heather Anderson | Updated on November 22, 2009

Members United Corporate Federal Credit Union announced Friday a nearly $150 million net loss for October 2009, split almost evenly between U.S. Central Federal Credit Union capital losses and other-than-temporary impairments resulting from its own 3rd quarter investment review.

Some employees also spent their last day at Members United Friday, but officials said they were part of a staff reduction move made months ago.

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