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The $1.4 billion Alloya Corporate FCU’s net income of nearly $6 million as of Dec. 31, 2012 is more than twice what the Warrenville, Ill.-based institution projected. How did President/CEO Chuck Furbee and his team do it in an era of low investment rates and little loan demand?

“We adjusted things on the fly,” Furbee told Credit Union Times. “Some parts of the operation weren’t very efficient, and weren’t contributing to income so we changed that.”

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