The other 10 large losses occurred at:

Chevron Federal Credit Union of Concord, Calif., 31 miles northeast of San Francisco ($4.7 billion, 135,514 members), which lost $30 million (-2.55% ROA) in the fourth quarter, worsening from a $4 million loss (-0.33% ROA) a year earlier. For the year, it lost $17.4 million (-0.36% ROA), down from an $86 million gain (1.85% ROA) in 2022.
Diversified Members Credit Union of Detroit ($481.1 million, 30,356 members), which lost $10.4 million (-8.62% ROA) in the fourth quarter, down from a scant $262,252 (0.21% ROA) a year earlier. For the year, it lost $9.2 million (-1.86% ROA), down from a $1.7 million gain (0.32% ROA) in 2022.
General Electric Credit Union of Cincinnati ($5.1 billion, 279,569 members), which lost $11.5 million (-0.91% ROA) in the fourth quarter, down from a $4.3 million gain (0.37% ROA) a year earlier. For the year, it lost $5.1 million (-0.10% ROA) in 2023, down from a $33.9 million gain (0.79% ROA) in 2022.
Greater Nevada Credit Union of Carson City, Nev. ($1.8 billion, 88,042 members), which lost $10.4 million (-2.33% ROA) in the fourth quarter, down from a $3.3 million gain (0.76% ROA) a year earlier. For the year, it lost $10.6 million (-0.59% ROA) in 2023, down from an $8 million gain (0.47% ROA) in 2022.
Oregon Community Credit Union of Eugene, Ore. ($3.3 billion, 264,575 members), which lost $11.5 million (-1.35% ROA) in the fourth quarter, down from a $3.4 million gain (0.39% ROA) a year earlier. For the year, it earned $1.4 million (0.04% ROA), down from $29.9 million (0.95% ROA) in 2022.
Pennsylvania State Employees Credit Union of Harrisonburg ($8.2 billion, 591,730 members), which lost $15.5 million (-0.76% ROA) in the fourth quarter, down from a $13.1 million gain (0.64% ROA) a year earlier. For the year, it earned $49.5 million (0.14% ROA), down from $243.3 million (0.72% ROA) in 2022.
Resource One Credit Union of Dallas ($763 million, 70,529 members), which lost $11.2 million (-5.76% ROA) in the fourth quarter, up from $1.2 million (-0.57% ROA) a year earlier. For the year, it lost $12.5 million (-1.58% ROA) in 2023, down from a $1.4 million gain (0.18% ROA) in 2022.
Star One Credit Union of Sunnyvale, Calif. ($9.9 billion, 126,042 members), which lost $11.7 million (-0.47% ROA) in the fourth quarter, down from a $15 million gain (0.57% ROA) a year earlier. For the year, it earned $12.2 million (0.12% ROA), down from $41.7 million (0.38% ROA) in 2022.
Tyndall Federal Credit Union of Panama City, Fla. ($1.9 billion, 112,154 members), which lost $12.4 million (-2.59% ROA) in the fourth quarter, worsening from a $6.9 million loss (-1.39% ROA) a year earlier. For the year, it earned $6.6 million (0.34% ROA), down from $10.8 million (0.53% ROA) in 2022.
Unify Financial Federal Credit Union of Los Angeles ($3.8 billion, 260,479 members), which lost $24.6 million (-2.55% ROA) in the fourth quarter, down from a $5.6 million gain (0.54% ROA) a year earlier. For the year, it lost $20.7 million (-0.52% ROA), down from a $47 million gain (1.22% ROA) in 2022.

Instant Insights /

One in Four Credit Unions Generate Q4 Losses

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