Notwithstanding poor performance on membership and loans, the industry's overall health improved markedly in the first quarter, according to the HealthScore survey compiled by Glatt Consulting LLC.

In its first quarter "HealthScore" report, the Wilmington, N.C. firm said credit union performance jumped nearly 9% to 2.466 from the fourth quarter and a 2% increase from the year ago quarter.

Based on a five-point scale with five as maximum performance, the credit union industry HealthScore is a composite number based on earnings, capital growth, member relationship, liquidity, asset quality and efficiency.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.