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Membership Slows in September, Estimate Still Creeps to 90 Million

Membership expansion slowed significantly in September with the month-only gain at 18,000 members versus an average monthly gain of 240,000 for January through August, according to CUNA Mutual Group's Credit Union Trends Report.

By Michelle A. Samaad | Updated on November 19, 2007

MADISON, Wis. — Membership expansion slowed significantly in September with the month-only gain at 18,000 members versus an average monthly gain of 240,000 for January through August, according to CUNA Mutual Group’s Credit Union Trends Report.

The industry’s member count is currently estimated at 90.2 million. This reflects a gain of 1.9 million members both year-to-date and over the past year, according to the report. These results remain well above trend as the average annual gain over the past 10 years was 1.7 million members.

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