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TORONTO, Ontario — More than $100 billion in assets and more than five million members at the end of the third quarter of 2007 set records for Canada’s credit union system.

Combined assets for the system rose 10.8%, year-over-year, to reach $102.4 billion at third quarter 2007, a 45% increase or $32 billion gain over the last five years, according to Credit Union Central of Canada. Deposits and savings increased by almost $7.8 billion to reach $89.2 billion at quarter-end. Consolidation continued in the system and the number of credit unions declined to 472 from 501 a year earlier.

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