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Less Debt A Priority

For many consumers, paying down debt may be more of a concern than finding the best rates on deposit accounts.

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For many consumers, paying down debt may be more of a concern than finding the best rates on deposit accounts.

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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Peter Westerman

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