Assets at the largest credit unions grew by just 8.8% last year a mutual funds siphoned deposits from the industry.

The growth rate of the 100 largest credit unions, which had $72.3 billion in total assets at yearend 1993, paled in comparaison to the 14.5% clip the prior year, according to American Banker's annual survey, which was compiled by Callahan & Associates, a Washington-based consulting and research firm.

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