The us dollar against the background of a declining chart. U.S. economy. The economic crisis in America. Decrease in profit. Recession. Source: AdobeStock.

Two of the nation’s largest credit unions followed the trend of others with declining earnings in the second quarter, but exceeded the pack with loan originations.

And, like the others, their earnings were strongly influenced by the declines early this year in investments, which caused them to make heavy “mark-to-market” subtractions to non-fee operating income.

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.