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WASHINGTON — NAFCU has completed its analysis of the 2005 Home Mortgage Disclosure Act data recently released by the Federal Reserve, and based on its findings the association concludes that compared with other depository institutions, credit unions tend to make smaller mortgage loans and approve a greater percentage of loans to low- and moderate-income borrowers and minorities than banks and thrifts.

Among NAFCU’s findings, for all mortgage loans approved in 2005 for one-to-four-family home purchases, the average loan size by banks was more than 50% greater than the average loan size by credit unions. The average loan size by thrifts was almost 100% larger than CUs’.

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