Chart showing credit union net income dropped in the first quarter of 2022

Callahan & Associates reported Wednesday that credit union net income margins fell in the first quarter as inflation, rising interest rates and diminished loan payoffs changed the dynamics of their operations.

First-quarter credit union net income was 0.86% of average assets, down from a peak of 1.04%% a year earlier and 0.91% in the fourth quarter.

In the Washington, D.C., based company’s first-quarter Trendwatch webinar, Jay Johnson, chief collaboration officer, and Will Hunt, industry analyst, described major reversals that have occurred in the past year:

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Jim DuPlessis

A journalist for decades.

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