The 13.000-member, $103 million Cooperative Center FCU hasexpressed support for Richmond, Calif., to obtain and restructure some mortgages evenif the Bay Area town has to use eminent domain.
The city's council and mayor have approved the plan, whichremains in limbo in the face of California law governing splitvotes and the opposition of banks and other lenders andregulators.
The credit union in nearby Berkeley, Calif., contended in apress statement Tuesday that the goals of the program outweighedits risks.
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