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CEOs of Rhode Island credit unions expressed shock and dismay Thursday at the state’s first municipal bankruptcy in Central Falls, a community of 20,000, as efforts were under way to assure members of local support via media ads.

“There’s no doubt this is a wakeup call for communities elsewhere but we are in good shape, as we’ve worked hard with borrowers in advance, but we still want to assure members that we’ll get through this difficult time,” declared Stephen J. Angell, CEO of Dexter CU, the lone CU domiciled in Central Falls.

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