The industry's overall health improved markedly in the first quarter but its membership and loan stats still lag significantly, according to a survey compiled by Glatt Consulting LLC.
Releasing its quarterly "HealthScore" report Thursday, the Wilmington, N.C. firm said the industry's first quarter performance jumped nearly 9% to 2.466 from the fourth quarter and a 2% increase from the year ago quarter.
Based on a 5-point scale with 5 as maximum performance, the Credit Union Industry HealthScore is a composite number based on earnings, capital growth, member relationship, liquidity, asset quality and efficiency.
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