Data from Callahan & Associates showed credit union earnings and loan originations fell sharply in the third quarter.
Higher provisions for loan losses were the main culprit as delinquencies rose.
In the three months ending Sept. 30, credit unions earned about $3.7 million, or an annualized 0.67% of their average assets in the period, down from 0.94% a year earlier and 0.77% in the second quarter.
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