WASHINGTON – The big just keep getting bigger in the credit union industry. As of year-end 2001 the nation's top 100 CUs accounted for approximately $154 billion, or about 30% of the industry's total assets. The $154 billion is up from last year's year-end number, when this group had $130 billion in assets. The once exclusive billion dollar club isn't so exclusive any more. As of year-end 2001 there were 56 CUs that eclipsed that mark, and about another dozen that could easily do it by year-end 2002. It's already happening. GTE FCU recently announced that it is now over a billion in assets. So the billion dollar club is actually at 57 … and climbing.
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