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

TransUnion reported that during the first quarter of the year, credit union membership grew at more than three times the credit activity at other financial institutions. Credit unions experienced a year-over-year growth rate of 6.35% at the beginning of the year, while industry credit active consumers grew at 1.86%.

David Baumann

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