With a recent 2% drop in certificates of deposit at credit unions, the savings tools are now $44 billion below their March 2009 peak.
"From a member perspective, the 0.80% national average rate paid on a one-year CD isn't worth tying up the money," said Dave Colby, chief economist at CUNA Mutual Group.
According to CUNA Mutual Group's June Credit Union Trends Report, 114% of the year-over-year change in deposits went into share drafts, regular shares and money market accounts as of April, the latest month tracked.
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