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.

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