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Credit unions and banks located in cities such as New York, Philadelphia, Chicago, Los Angeles and San Francisco may have an advantage when it comes to deposit balances.

Increases in total deposits in those cities over the past year have been linked to an increase in per capita income there, according to research firm Market Rates Insight. Total deposits increased by a range of 17% in Los Angeles to 72% in Philadelphia. Over the same time period, per capita income increased by a range of 9% in the Chicago to 14% in the New York.

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