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CUNA has estimated credit unions lost savings from June to July at a rate not seen in five years and tightening liquidity with the loan-to-share ratio spiking to 84.7%.

CUNA’s Monthly Credit Union Estimates found savings at $1.89 trillion July 31, down 1.0% from June, compared with an average July gain of 0.2%. It was the biggest consecutive-month drop in savings since a 1.1% drop in July 2018. Savings ended July at a level below that of March and are up only 0.2% higher than July 2022.

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Jim DuPlessis

A journalist for decades.

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