Credit unions in the first quarter reaped their largest returns on assets in more than 18 years, Callahan & Associates said Wednesday.
Net income for the three months ending March 31 was an annualized 1.03% of average assets — the highest since 2002's fourth quarter and the first time it has risen above 1% since 2003, according to the quarterly Trendwatch report from the credit union company based in Washington, D.C.
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