Chart showing the economic Weak Recovery for Small Credit Unions

Small credit unions had an advantage in interest income, fees and provision expenses in the fourth quarter over those with more than $1 billion in assets, but small credit unions’ high overhead burden kept their margins far below larger ones.

A CU Times analysis of NCUA data released March 4 showed the 4,832 small credit unions’ annualized return on average assets was 0.59% for the three months ending Dec. 31, down from 0.66% in the third quarter and 0.60% in 2019’s fourth quarter.

For the 301 medium-sized credit unions (assets of $1 billion to less than $4 billion), ROA was 0.83% in the fourth quarter, roughly on par with both 2020’s third quarter and 2019’s fourth quarter.

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Jim DuPlessis

A journalist for decades.

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