Credit union crisis shook R.I., left deep scars

PBN Photo from Jan. 7, 1991<br><br>
<b>Shortly after</b> his inauguration in January 1991, Gov. Bruce Sundlun, above, second from right, ordered several credit unions to close. Below, an angry depositor expressed
his concerns to state officials at a meeting.
PBN Photo from Jan. 7, 1991

Shortly after his inauguration in January 1991, Gov. Bruce Sundlun, above, second from right, ordered several credit unions to close. Below, an angry depositor expressed his concerns to state officials at a meeting.
Throngs of angry depositors gathered in the parking lot outside of Woonsocket’s Marquette Credit Union in the summer of 1991. Like thousands of Rhode Islanders, they wanted access to their frozen accounts, and one woman began yelling at David Preston. “I said I didn’t understand what she wanted, and she said she wanted her money,”…

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