Chart showing credit union income dropped in the fourth quarter of 2021, but has bounced back in early 2022

Credit union net income margins fell and originations slowed in the fourth quarter, based on data released Wednesday by Callahan & Associates.

Net income was just under $4.7 billion for the three months ending Dec. 31, resulting in a return on average assets of 0.90% for the fourth quarter, down from 1.09% in the third quarter, but up from 0.83% in 2020’s fourth quarter.

Callahan’s fourth-quarter Trendwatch report found originations for the fourth quarter were $200.2 billion, down 2.9% from the third quarter as consumer lending fell. Originations rose 11.7% from 2020’s fourth quarter as first mortgage lending flattened and consumer lending increased.

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Jim DuPlessis

A journalist for decades.

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