Signs pointed to impending credit union crisis


    <p>There were clear signs 28 years ago that Rhode Island's disastrous credit union collapse was about to happen.{/p}

    There were clear signs 28 years ago that Rhode Island's disastrous credit union collapse was about to happen.

    On Nov. 15, 1990, it was obvious that Joe Mollicone's Heritage Loan and Investment Bank was hiding secrets that would soon send the entire state deposit insurance system into insolvency -- and 45 banking institutions with it.

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