Net income fell sharply for the nation's 10 largest credit unions from the second quarter to the third quarter because of higher loan loss provisions and lower operating income.
The Top 10 credit unions earned $650.5 million in the three months ending Sept. 30, or an annualized 0.64% of average assets, down from ROA of 0.87% in the second quarter and 1.03% in the third quarter of 2022.
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