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PLANO, Texas — Credit unions could see stronger member loan demand in the latter part of 2007 thanks to a rise in consumer spending and personal income in November 2006.

Consumer spending and personal income rose 0.5% and 0.3% last month, respectively, said Brian Turner, manager of advisory services at Southwest Corporate Federal Credit Union. For credit unions, those increases, coupled with the Federal Reserve Board recently keeping the overnight lending rate unchanged at 5.25% for the fourth consecutive time, will have a delayed impact.

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