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refinancing loans Positive news for credit unions in Q3. (Source: Shutterstock)

Originations accelerated for the nation’s 10 largest credit unions in the third quarter as members scrambled to refinance mortgages, but net income fell slightly.

A CU Times analysis of call reports posted by the NCUA in the past week shows the Top 10 credit unions originated $33.8 billion in loans of all kinds in the three months ending Sept. 30, up 14.9% from 2018’s third quarter. Their members increased 8% to 19.3 million.

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Jim DuPlessis

A journalist for decades.

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