Those with income drops were:

Navy Federal, Vienna, Va. (No. 1 with $91.8 billion in assets, 7.9 million members);
State Employees' Credit Union, Raleigh, N.C. (No. 2 with $38.4 billion in assets, 2.3 million members);
PenFed, Tysons, Va. (No. 3 with $23.7 billion in assets, 1.7 million members);
Golden 1 Credit Union, Sacramento, Calif. (No. 7 with $12 billion in assets, 958,258 members);
Alliant Credit Union, Chicago (No. 8 with $10.6 billion in assets, 411,379 members).

Those with income gains were:

BECU, Seattle (No. 4 with $18.6 billion in assets, 1.1 million members);
SchoolsFirst Federal Credit Union, Santa Ana, Calif. (No. 5 with $15 billion in assets, 825,349 members);
First Tech Federal Credit Union, Mountain View, Calif. (No. 6 with $12.1 billion in assets, 529,290 members);
America First Federal Credit Union, Riverdale, Utah (No. 9 with $10.1 billion in assets, 976,394 members);
Security Service Federal Credit Union, San Antonio (No. 10 with $9.5 billion in assets, 767,034 members).

Net interest income, before loan loss provisions, rose 15.2% to $2.1 billion, while total non-interest expenses grew 11.8% to $1.6 billion. Fee income rose 15.8% to $256.8 million, while other operating income rose 8.8% to $473.7 million.

Instant Insights /

Loan Loss Provisions Drag Down Top 10 Income

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