While money market accounts were the star of the savings show for most of 2009, individual retirement account balances made a steady rise at credit unions.

IRA balances are up 12% over the past year with an average yield of 1.84%, according to CUNA Mutual Group’s March Credit Union Trends Report, which tracked data through January. At $75 billion, this portfolio segment has quietly climbed to almost 10% of all CU deposits, noted CUNA Mutual Chief Economist Dave Colby. They still have quite a way to go to catch money market deposits, which accounted for 51% of all savings growth in 2009.

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