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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • 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.
NOT FOR REPRINT

© 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.

Jim DuPlessis

A journalist for decades.