Associates Cites Record Earnings

Associates First Capital Corp., Irving, Texas, has reported record second-quarter earnings of $292.9 million ($0.84 per share), a 19% increase from a year ago.At June 30, total managed receivables were $64.3 billion, also up 19% from a year earlier. A highlight of the company's consumer operations was "success in the newly opened Texas home equity market," where Associates made 5,700 new home equity loans in the second quarter, the company said. The company's website address is http://www.theassociates.com.

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