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The $1 billion Suffolk Federal Credit Union reached an agreement with the Long Island Housing Services Inc. resolving its 2016 civil rights complaint alleging the Medford, N.Y.-based credit union discriminated against African Americans and Latinos when they sought or applied for mortgages.

As part of the agreement, SFCU Ralph D. Spencer Jr. said the credit union denies all of the discrimination allegations, but nonetheless decided a settlement would work in the best interests of the credit union’s 57,341 members.

Peter Strozniak

Credit Union Times

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