Credit union income remained remarkably healthy overall in the third quarter, but signs of distress are rising among smaller credit unions.
The nation's 5,244 credit unions earned $3.6 billion in the three months ending Sept. 30, down 7% as interest income contracted and loan loss provisions rose, according to a CU Times analysis of NCUA quarterly data released Dec. 4.
The effects of the quarter were harshest for small credit unions.
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