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The 103,000-member Pen Air FCU in Pensacola, Fla., and the 3.7 million-member Navy Federal Credit Union in Vienna, Va. are the only financial institutions backing the construction of a 127-room hotel in Pensacola.

The two credit unions will lend $13 million of the project’s expected cost of roughly $17 million. The project will bring between 350 to more than 1,000, both directly and indirectly, to the community, its backers said.

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