- Collateral damage (San Diego Union-Tribune)

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home > news Collateral damage (San Diego Union-Tribune)

Collateral damage (San Diego Union-Tribune)

During its first 73 years, San Diego Metropolitan Credit Union never lost money on a real estate loan. That ended last year, when it wrote off $527,681 in bad real estate debt. The credit union also took a paper loss in 2007 as it bulked up reserves by more than $1 million. Reserves are funds set aside to cover possible loan losses.

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