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MADISON, Wis. — More than two dozen billion-dollar credit unions reported a drop in membership in the first quarter even as the movement continued to grow its overall base.

According to CUNA Mutual Group’s latest Credit Union Trends Report, which cites data from CUNA statistics, 3,721 credit unions reported year-to-date drops in membership. These credit unions account for 25% of assets at the end of the first quarter. The group also includes 27 of the 132 billion-dollar credit unions, said Dave Colby, chief economist at CUNA Mutual.

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