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Expressing concern over a call for a foreclosure moratorium and a state-run bank, the Michigan Credit Union League is jumping into the race for governor with an endorsement for the GOP candidate, Rick Snyder.

In a statement, the league said that after meeting with Snyder and his Democratic challenger, Lansing Mayor Virgil Bernero, it supports Snyder. The league expressed alarm over Bernero’s proposals for a statewide halt to foreclosures which would have “a chilling effect on credit unions” and their ability to lend.

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