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Mortgages

Numbers Show Members Saving, Not Borrowing–But Mortgages Up

AUG 20, 2008 4:33pm ET

ALEXANDRIA, Va. –Credit union members continue to save more than they are borrowing as the economy stifles economic activity. Mid-year data released by NCUA shows savings were up significantly during the first half of the year at 7%, compared to 3.7% for loans. Overall assets grew 6.5%.

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