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ARLINGTON, Va. — While some credit unions have yet to actively promote 529 college savings plans, nearly half are offering Coverdale education savings plans.

That’s one of the findings from NAFCU’s August Flash Report. Only 10% of credit unions surveyed said that they offer 529 college savings programs. The median number of member accounts per credit union was 150, while the median account balance of their members’ 529 educational savings accounts was $275,000. However, almost half or 48% of the credit unions offered Coverdale education savings plans.

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