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Credit unions revise number of new members gained last month

Credit unions dramatically revised their estimates of how many new members the industry gained in the lead-up to last month's Bank Transfer Day.

The Credit Union National Association, which originally estimated that 650,000 consumers joined credit unions between Sept. 29 and the first week of November, on Monday said the actual number was closer to 210,000 new members. CUNA changed its estimate after receiving more complete data from credit unions for October.

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