MADISON, Wis. — The forecast for membership growth this year has mixed signals.

According to CUNA Mutual Group Chief Economist Dave Colby, "a flight to local, insured institution safety will be offset by tight expense management, as spreads continue to narrow" he wrote in the Credit Union Trends Report, which examined data through November 2008 and was released today. The purging of inactive and low balance accounts will continue to figure into credit unions' expense cuts.

"Looking forward we see mixed signals," Colby wrote.

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