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With 'Numbers Ugly,' Arizona Federal Goes Public with Its $42.5 Million Loss
By Jim RubensteinPHOENIX -- Using both its Website and a letter to members, the $1.9 billion Arizona Federal Credit Union went public this week on a $42.5 million mid-year "hit" of loan losses attributed to what its CEO said was the poor economic conditions in Arizona "impacting our members' financial well being...