Net income for the top 10 credit unions rose 18% in the second quarter with strong gains in interest and fee income despite a slowdown in real estate lending.
An analysis of the latest NCUA call reports by CU Times show the largest credit unions based on assets generated a combined $676.8 million in profits in the three months ending June 30, compared with $573 million from April through June 2016.
The largest credit unions have typically been performing better than smaller ones. NCUA expects to release second-quarter data for all credit unions in early September.
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