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Credit unions ended June with bigger increases in their portfolios than they recorded a year ago, as expectations of slower consumer borrowing keep shifting just over the horizon.

Annual loan growth has been at or above 10% for the past several years, and has been expected to return to single-digit growth—eventually. However, CUNA Mutual Group reported Tuesday actual balances rose 10.2% from June 2016 to June 2017, down only slightly from a feverish 10.8% gain a year ago.

Jim DuPlessis

A journalist for decades.

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