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CHICAGO — Financial institutions pushed automated clearinghouse payments up two billion to nearly 16 billion in 2006, according to statistics compiled by NACHA–The Electronic Payments Association–and released at the PAYMENTS 2007 conference last week.

Two credit unions made the top 50 receiving depository financial institutions list while one credit union related organization made the list of the top 50 originating depository financial institutions. Among RDFIs, Navy Federal was No. 21 with 46 million debits and 33 million credits, up 12.3% over 2005. SECU in North Carolina placed 37th with 23 million debits and 12 million credits, up 10.7%. The No. 1 RDFI was Bank of America with 1.2 billion transactions, up 25.8% and No. 2 was Wells Fargo with 600 million transactions, up 13.3%.

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