ALEXANDRIA, Va. – NCUA recently released the first quarter data for federally insured credit unions showing what credit unions already feel: loan growth dropping off and shares gaining momentum.

Though loans at federally insured credit unions have grown 10.39% in the 12-month period ending March 31, 2006-slightly below all credit unions, including privately insured credit unions-first quarter 2006 saw less than 1% growth for the nation’s 8,617 federally insured credit unions. Meanwhile, delinquencies dropped from 0.73% at year-end to 0.59% as of March 31, 2006. The amount of delinquent loans and charge-offs declined 13.1%

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