MADISON, Wis. — With an estimated gain of 318,000 members inJuly, the industry now has 91.3 million members, according to thelatest data from CUNA Mutual Group's Credit Union TrendsReport.

Citing CUNA's pre-benchmark revision data, CUNA Mutual said theindustry has experienced exceptionally strong month-only membershipgains so far in 2008. Through the first seven months of the year,membership estimates are up 2.0% versus a same period gain of813,000 in 2007. The 2008 year-to-date gain is almost double forthe entire 2007.

Dave Colby, chief economist with CUNA Mutual, said afterreviewing mid-year NCUA call report data, the company anticipates adownward revision as their information shows total membership up by1.2 million through the first half of 2008. NCUA data also showed46% of all CUs (3,828 CUs) reported declines in membership in thefirst six months of 2008. These CUs held roughly 26% of all assetsand 28% of total membership.

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