At an auction Tuesday, Evangelical Christian Credit Union's $2 million bid was accepted on a Florida church that had been plagued with financial woes for several years.
The $1 billion credit union in Brea, Calif., bid on the North Lakeland, Fla.-based Without Walls Central, according to local reports.
Without Walls Central is owned by the Tampa, Fla.-based Without Walls International Church, which filed for Chapter 11 bankruptcy protection March 5 owing $29 million to Evangelical Christian.
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