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Debt Reduction May Provide Higher Return Now

Even as credit unions continue to manage deposit yields, for many consumers, some concerns are more pressing, such as reducing debt.

By Michelle A. Samaad | Updated on November 18, 2010

Even as credit unions continue to manage deposit yields, for many consumers, some concerns are more pressing, such as reducing debt.

From a household balance sheet and cash flow perspective, debt reduction provides a significantly higher return, according to the November Credit Union Trends Report from CUNA Mutual Group. However, from a credit union perspective, deposit yields continue to be managed lower.

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