The 389 credit unions with assets in excess of $500 million accounted for 100% of the increase in membership between the second quarters of 2010 and 2011.
That's according to CUNA Mutual Group's September Credit Union Trends Report. Membership was up 138,000 in July and 636,000 year to date. Still, annual growth has slowed to 0.3%.
CUNA Mutual Chief Economist Dave Colby said while over the past four years, 94% of all membership expansion occurred in the first half of the year, declines were also reported in the fourth quarter in each of the past three years.
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