Chart showing core income falling for the top 10 credit unions in the first quarter.

The nation’s largest credit unions saw their income fall from the fourth quarter to the first quarter as originations plummeted, charge-offs rose and net interest margins tightened.

The Top 10 credit unions encompassed $400.5 billion in assets and 26 million members as of March 31. In December they accounted for nearly 20% of all credit union assets and members.

CU Times analyzes the Top 10 results each quarter to get a quick read on earnings trends for the recently closed quarter. Their earnings fare better than smaller credit unions, but tend to follow the same patterns.

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Jim DuPlessis

A journalist for decades.

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