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Trouble continues in New York City for MCU. Trouble continues in New York City for MCU. (Source: Shutterstock)

The beleaguered $3 billion Municipal Credit Union in New York City posted a net income loss of $82.7 million at the end of last year’s fourth quarter while its average employee salary and benefit costs have continued to be extraordinarily high at $310,481 compared to a peer average of $83,322, according to NCUA financial performance reports.

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Peter Strozniak

Credit Union Times

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