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BOSTON — Aite Group LLC, a well-known and well-regarded financial consultancy, has reported that 33% of credit unions it surveyed for a recent report on the credit union industry said they planned to convert to a mutual bank charter.

In researching The Evolution of the Credit Union Market: A Survey Of Credit Unions, Aite interviewed a total of 201 credit unions, 101 of whom participated in a survey of retail banking products and technology initiatives and the remaining 100 participated in a survey of business banking products and initiatives.

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