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For the first time since 2008, the pace of loan growth among credit unions has surpassed deposit growth with a record total of $1 billion in loan origination daily among the credit union industry, according to the latest analytic report from Callahan & Associates.

The report noted that credit union performance shows lending surging forward in the first half of 2013. The $621 billion credit union loan portfolio has expanded by 5.4% over the past 12 months, the fastest pace in five years and ahead of the 4.6% share growth rate, according to the New York research firm.

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