WASHINGTON — Liquid surplus funds that mature with one-year maturities top the list when it comes to where credit unions are investing.
According to CUNA, as of July 2007, surplus liquid funds held 58.2% of all surplus funds for credit unions, followed by agencies and corporation credit unions. Going back to the same period in 2006, liquid funds were nearly the same at 56.2%.
Meanwhile, members are showing their loyalty to individual retirement accounts, money market accounts and certificates of deposits. According to CUNA's 2006-2007 National Member Survey, "truly loyal" members captured 72% of CD use compared to 40% for all members. IRA and MMA use was also high compared to other member segments.
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