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State Employees Credit Union of North Carolina CEO Jim Blaine is a man on a mission, and it starts with a $135 million gain from selling off SECU’s Treasuries portfolio in the third-quarter 2010. This liquidated most of SECU’s Treasury holdings, an investment made dating back to a 2007 pull-out of SECU funds that had been in corporate credit unions. Why did Blaine decide to pull SECU’s money out of Treasuries?

Peter Westerman

Credit Union Times

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