Chart showing the drop in non-fee income for credit unions dropped in the first quarter of 2022.

A slump in non-fee income caused first-quarter earnings to fall for the 10 largest credit unions.

Together they generated net income of $903.8 million in the three months ending March 31, or an annualized return of 0.95% of average assets. That's down from 1.43% ROA in 2021's first quarter.

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Jim DuPlessis

A journalist for decades.