Credit unions generated record income in the second quarter with the help of reversed loan loss provisions and higher loan originations, Callahan & Associates said Wednesday.
The Washington, D.C., credit union company's Trendwatch 2Q21 report and webinar showed credit unions originated $206.7 billion in loans during the three months that ended June 30, up 18% from a year earlier and up 13.8% from the previous quarter.
Mortgage loans remained near record levels, while other loan production rose sharply.
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