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Discussion Paper
Trends in Credit Unions' Share of U.S. Private Depository Household Lending
Private depository institutions play a crucial role in the provisioning of credit in the United States. The two private depository sectors in the Financial Accounts of the United States (the Financial Accounts) serving as the primary lenders to households are U.S.-chartered depository institutions (banks) and credit unions. Credit unions mostly make loans to households, while banks make large shares of their loans to both households and businesses.