Credit union members hold a record-breaking more than $1 trillion in savings, according to the CUNA Mutual Group, a leading provider of insurance and wealth management products to credit unions.
The insurer reported credit union members had $1,002 trillion in their savings accounts in March 2015 and credited an annual trend that saw savings rise in March as members receive tax refunds and employment bonuses from the previous year.
"Expect savings balances to fall below one trillion dollars in April as members pay their tax bills," CMG said in its monthly Trends Report.
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