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In separate moves, two of the struggling sand state credit unions, the $851 million Arrowhead Central CU in California and the $370 million AEA FCU of Yuma, Ariz., found themselves suffering more of the recession’s fallout this month, prompting a spinoff of branches, deep cuts in loans and staff reductions.

The retrenchment of Arrowhead of San Bernardino, aimed at raising 80 basis points to its net worth ratio, was highlighted by the sale of five High Desert and Big Bear branches to the $3.9 billion Alaska USA FCU of Anchorage, which itself is bent on expanding its Southern California footprint.

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