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ALEXANDRIA, Va. – Up and down, up and down. That’s the best way to describe corporate credit union asset sizes as they mirror what’s happening at natural person credit unions. Corporate credit union assets began surging in late 2001 as worries about the economy caused Americans to return to the safety of their credit unions. With the increase in CU deposits comes an increase in corporate assets as most CUs keep a high percentage of their dollars in corporates’ overnight accounts. Unlike public companies and even commercial banks, which are always trying to hit certain growth milestones, corporate CU leaders maintain that the very nature of a corporate is to fluctuate up and down along with their credit union members. To show how much corporate assets can fluctuate from month to month, just take a look at WesCorp, the nation’s largest corporate (aside from U.S. Central, the corporates’ corporate). WesCorp’s assets were approximately $22 billion in September. They dipped by over $1 billion to $20.7 billion as of October. Other corporates saw assets rise. Kansas Corporate for example went from $422 million in assets in September to $437 million in October. Here’s a look at all of the nation’s corporates and their asset sizes as of the latest NCUA data (October 2002). There will likely be some changes at the top of this list in the months ahead if some corporate CU mergers go through, such as one between the $4 billion Mid-States Corporate and the $740 million Minnesota Corporate. [email protected]

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