The nation's largest credit unions saw their income fall from the fourth quarter to the first quarter as originations plummeted, charge-offs rose and net interest margins tightened.
The Top 10 credit unions encompassed $400.5 billion in assets and 26 million members as of March 31. In December they accounted for nearly 20% of all credit union assets and members.
CU Times analyzes the Top 10 results each quarter to get a quick read on earnings trends for the recently closed quarter. Their earnings fare better than smaller credit unions, but tend to follow the same patterns.
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