The Municipal Credit Union increased its assets by $116 million and opened 40,360 new member accounts during 2011, the organization announced.

“We saw record numbers of membership, deposits and continued interest in our affordable loan products,” MCU Chairman of the Board Mark S. Brantley said in a statement. MCU President and CEO Kam Wong noted that the improvements occurred “despite national economic instability,” and attributed them to offering member-friendly options and “sensible financial and risk-management strategies.”

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