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The $144 million Prime Financial Credit Union of Cudahy, Wis., once considered a failed CU and an early 2009 victim of the bankrupt, industry-run CUSO known as Central States Mortgage Corp., is back on its feet “as an independent” organization returning to normal operations.

Prime Financial had been under state conservatorship since March 2009. It was an investor, like nearly two dozen small Wisconsin and Illinois CUs in CSMC, which got into financial quicksand over faulty mortgage loans.

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