While year-to-date membership growth mirrors what it looked like around last July, it is not expected to mimic the steep decline seen in the second half of 2008.

Total membership reached 92 million at the end of July, according to the September edition of CUNA Mutual Group’s Credit Union Trends Report. Like 2008, year-to-date membership is up 1.2 million. However, unlike last year, CUNA Mutual does not expect the steep decline in the second half of this year. CUNA Mutual Chief Economist Dave Colby is forecasting a total increase of 1.2 million members in 2009 followed by an average annual increase of 812,000 over the next three years.

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