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Since February 2009, certificates of deposit balances at credit unions have declined by $10 billion while money market accounts increased by $29 billion.

That’s according to the April Credit Union Trends Report from CUNA Mutual Group, which tracked data through February. Through the first two months of 2010, deposits were up almost $12 billion (1.5%), but due to very strong deposit inflows in early 2009, annual growth slowed to 6.9%.

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