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Losses for smaller credit unions could impact the entire industry.

While larger credit unions increased net income again in the fourth quarter, the 1,565 credit unions with less than $10 million assets saw their losses nearly double.

NCUA data released this week shows net losses for the smaller credit unions were $3.4 million in the three months that ended Dec. 31, sinking deeper from a $1.8 million loss in 2016′s fourth quarter.

Jim DuPlessis

A journalist for decades.

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