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Byline: Michael Rappaport
Mar. 24--RANCHO CUCAMONGA -- It was 41 years ago, back even before Sgt. Pepper taught the band to play, that Dave Chatfield learned about credit unions.
He was living in Englewood, Colo., and he became a member of the credit committee of what was then called a farmers' co-operative membership organization.
Chatfield decided that the idea of members banding together to lend each other money without having to make a profit for shareholders was a good one.
"Credit unions are different from almost all other businesses" Chatfield said. "The members, the people who deposit their savings and borrow money, are the owners of the business."