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WASHINGTON – While credit unions added less than a million members in the 12 months ending March 31, 2006, loan growth remained strong while savings showed a modest increase, according to a D.C.-based consulting firm.

All categories of lending are up some, which is a positive, Callahan & Associates Executive Vice President Jay Johnson commented. However, share growth, and certificates in particular, are becoming a larger part of credit unions’ strategies as interest rates rise. “We do think there is some momentum, some movement on the balance sheet there,” Johnson said.

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