Credit union membership is growing at a much faster clip than atother financial institutions, according to a just-releasedTransUnion study.

TransUnion reported that during the first quarter of the year,credit union membershipgrew at more than three times the credit activity at otherfinancial institutions. Credit unions experienced a year-over-yeargrowth rate of 6.35% at the beginning of the year, while industrycredit active consumers grew at 1.86%.

And some of that growth may be attributed to millennials. In thefirst quarter of the year, 25% of all credit union members weremillennials, compared with 20% in the first quarter of 2013.Millennial growth at non-credit union financial institutions wasslower—25% in the first quarter of the year, compared with 23% inthe first quarter of 2013.