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In another effort to showcase why credit unions should keep their tax-exempt status, Callahan & Associates on Wednesday gave the Obama administration a report extolling how the industry helped people last year.

“Today, 7,491 credit unions manage more than $797 billion in savings, $572 billion in loans, and more than $101 billion in capital,” Chip Filson, president of Callahan & Associates, said in a statement accompanying the report. “However, the fundamental strength of the system is not based on numbers; it is based on member loyalty and the responsible management of credit.”

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