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While year-to-date member business loan originations have fallen by $2.12 billion as of Sept. 30, 2009, outstanding balances increased over September 2008 levels to reach $28.9 billion, according to data from Callahan & Associates Inc.

The drop in MBL originations does not include business loan balances totaling less than $50,000, which eliminates most business credit card loan balances and any small, fixed-asset purchase loans, Callahan noted.

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Peter Westerman

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