Regular shares continue to be where many members are parkingtheir savings these days.

Roughly 61% of the credit union industry's savings growth is attributable to regular shares, according toCUNA Mutual Group's latest Credit Union Trends Report. This,despite the national average yield being 0.239% in June, which wasthe latest yield tracked.

Combined, regular shares, share drafts and money market accountscontributed a 107% gain to overall savings growth. The nationalaverage yields for share drafts and MMAs were 0.262% and 0.386%,respectively, the report noted.

All of these accounts showed lower yields than a year ago,according to the report. As a result, credit unions reported a 20basis point reduction in their cost of funds since the secondquarter.

Meanwhile, member certificate of deposits have not fared as wellas other savings options. As of June, they were down 2.7% year overyear and were $36 billion or 15% off their peak in early 2009. Thenational average CD yield was down to 0.908% and was 52 basispoints above the money market yield.

With a membership surge of 95.6 million, which is up 2.4 million yearover year, growth in savings per member has remained solid at 3.3%, according toCUNA Mutual Chief Economist Dave Colby.

The $50 billion net deposit inflow was likely helped along bythose credit unions with more than $500 million in assets that werethe source for 82% of the industry's membership gain, according tothe trends report.