Chart showing record earning for credit unions in the second quarter of 2021

Credit unions generated record income in the second quarter with the help of reversed loan loss provisions and higher loan originations, Callahan & Associates said Wednesday.

The Washington, D.C., credit union company's Trendwatch 2Q21 report and webinar showed credit unions originated $206.7 billion in loans during the three months that ended June 30, up 18% from a year earlier and up 13.8% from the previous quarter.

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Jim DuPlessis

A journalist for decades.