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Credit union portfolios expanded in September above last year’s rate, while member savings rates continued to swell, according to CUNA’s monthly estimate released Thursday.

The Madison, Wis., trade group’s Monthly Credit Union Estimates showed the average loan for each of that nation’s 125.6 members was $9,443 as of Sept. 30, a 3.5% gain from a year earlier. That compared with a prior increase of 2.5% from September 2018 to September 2019.

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Jim DuPlessis

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