Positive net income results for the largest credit unions.
The 10 largest credit unions increased net income in the first quarter as they increased their originations of loans to consumers and businesses, offsetting flat real estate lending.
The Top 10 generated $706.9 million in net income in the three months that ended March 31, up 22.2% from 2017's first quarter. Their annualized return on average assets (ROA) was 0.96%, up 15 basis points, according to call reports posted by NCUA this month.
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