Chart showing that credit union ROA fell in the third quarter of 2021.

Earnings margins fell for larger credit unions from the second to the third quarter as mortgage originations fell and assets grew strongly, a CU Times analysis found of NCUA data.

The data released Monday showed the nation’s 5,095 reporting credit unions (which now stand at 4,990) generated $5.5 billion in net income in the three months ending Sept. 30, or an annualized return of 1.09% of average assets. It was down from 1.16% in the second quarter and up from 0.80% a year ago.

As always, small credit unions had smaller margins than larger ones, but this time small credit unions showed more improvement. CU Times broke them into three roughly equal-sized groups:

Jim DuPlessis

A journalist for decades.

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