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The number of credit unions continues to decline, but we can strategically leverage our collaborative spirit to not only survive but thrive moving forward.

Let’s level set. By the end of 2015, there were 6,021 federally-insured credit unions. As of June 2021, that number shrank to just 5,029, according to NCUA data. Membership grew during that same period from 102.7 million to 122.3 million, with total assets growing from $1,204 billion to $1,977 billion, an average growth rate of just under 8%.

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