Credit union net income margins fell and originations slowed in the fourth quarter, based on data released Wednesday by Callahan & Associates.
Net income was just under $4.7 billion for the three months ending Dec. 31, resulting in a return on average assets of 0.90% for the fourth quarter, down from 1.09% in the third quarter, but up from 0.83% in 2020's fourth quarter.
Callahan's fourth-quarter Trendwatch report found originations for the fourth quarter were $200.2 billion, down 2.9% from the third quarter as consumer lending fell. Originations rose 11.7% from 2020's fourth quarter as first mortgage lending flattened and consumer lending increased.
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