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Silver State Schools Credit Union reports $21.5 million loss

Silver State Schools Credit Union, which serves teachers around Nevada, lost $21.5 million last year, including $4.5 million in the fourth quarter, according to a report filed late Wednesday.

American Share Insurance, which backs deposits at the credit union, posted Silver State’s results more than one month after the standard deadline for fourth-quarter results and only after the Review-Journal inquired about the reason for the delay on Wednesday.

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