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The results from the latest Credit Union Times voting poll showed that credit unions are using a combination of different approaches to deal with the economy and the NCUIF premiums. Fifty-two percent of voters said that they have had to or will use a combination of increasing frees to members, lowering savings rates and raising loan rates. Twenty-four percent of voters said that they haven’t done or wouldn’t be using any of those tactics at their credit union. Seventeen percent said that they will just be lowering savings rates. Five percent said that they would increase fees and none of the voters said that they would just be raising loan rates.

Peter Westerman

Credit Union Times

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