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WASHINGTON — Loan growth just barely exceeded savings growth between August and July, according to CUNA’s Monthly Credit Union Estimates.

Credit union loans grew 1.3% in August, 4.8% year-to-date and 6.7% over the past 12 months. Savings balances increased 1% in August, largely due to a payday falling the last day of the month, according to CUNA. Year-to-date savings growth is at and over the last year, it is up 7.1%.

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