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The president/CEO of Chartway Federal Credit Union in Virginia said its New Year’s Eve acquisition of a troubled Utah CU underscores the difficulties many CUs have in venturing into big-ticket business lending projects.

The fact is, maintained Ronald Burniske, head of the $1.5 billion Virginia Beach CU, any number of CUs, unlike banking counterparts, lack internal expertise to handle large scale real estate or commercial development endeavors, factors that undid the $311 million HeritageWest FCU of Tooele, Utah.

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