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The few big losses reported by credit unions in the second quarter were generated for reasons that varied from effects of an impending merger to holding low-interest mortgages in a high-interest environment.
And then there is the continuing mystery of the quarter's biggest loss: Creighton Federal Credit Union of Omaha, Neb. ($66.9 million in assets, 9,829 members on June 30), which lost $13.5 million in the three months ending June 30, following a loss of $102,614 in the first quarter and no annual losses in at least the past five years.
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