NCUA data for the second quarter showed the usual disparity in income between large and small credit unions, but it also showed that each broad group is near or surpassing results from before the COVID-19 pandemic.
Net income annualized as a percent of average assets for the three months ending June 30 was a record 1.16%. Callahan & Associates, which has data going back to 2002, showed higher quarterly ROA only twice: 1.97% in 2009's second quarter as the Great Recession was ending, and in the second quarter of 2002.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
