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Even though most credit unions are still searching for ways to grow their loan portfolio, federally insured credit unions are adding more loans to their books, according to second quarter call report data compiled by the NCUA and released Friday.

Credit unions booked $581.7 billion in outstanding total loans during the second quarter, an increase of 1.7%, the NCUA said. Total loans by credit unions have increased for five consecutive quarters. Loans for first mortgages increased by 1.7% between April 1 and June 30, 2012, while new and used auto loans each rose by 2.8%.

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