Chart showing credit union earnings rose from Q2 to Q3

Credit unions improved their earnings from the second quarter with a major boost in net interest, despite lower loan volume and higher operating expenses.

First mortgage originations took the biggest dive, but growth in non-real estate loans, which includes cars, showed slower growth.

Credit union consultant Mike Higgins Jr. said he was encouraged by continuingly high operating earnings, strong loan balance growth and the widening of interest margins. However, he was concerned by a drop in savings, heavier losses from the declining values of assets available for sale and whether fixed-rate loans were being priced high enough to cover rising interest expenses.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

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.