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The ailing Silver State Schools Credit Union of Las Vegas managed a $1.2 million second-quarter gain and now hopes to end up remaining quarters at break-even levels, the president/CEO of the privately insured credit union, Andrew Hunter, has forecast.

In comments over the weekend, Hunter, the retired Patelco CEO recruited in July 2011 by Ohio-based American Share Insurance Inc. to fix the balance sheet, said that while the $645 million Silver State is reporting a $2.9 million first-half loss, both loan mitigation work and expense control have contributed to second-quarter improvement.

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