KENSINGTON, Md. — Lafayette Federal Credit Union appears to be shrinking.

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In June of 2006, when the CU was in the early stage of an effort to change its charter to that of a mutual bank, the credit union reported $332.2 million in assets. As of June of this year that number had dropped to $295.8 million, according to NCUA data.

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The credit union has yet to comment on the decline or on any of the other numbers in its financial report, such as decline in shares and other deposits by $25.6 million or the $8.8 million drop in total loans over the course of the year.

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