The nation's largest credit unions increased their earnings in the third quarter on the strength of higher interest margins and despite higher costs and rising delinquencies, NCUA data showed.
The Top 10's net income was $947.4 million for the three months ending Sept. 30, or an annualized 0.88% of their average assets. That's up from 0.63% a year earlier and 0.81% in the second quarter.
CU Times analyzes the results for the 10 largest credit unions by assets each quarter to get a quick gauge of trends emerging as the NCUA posts Call Reports. They tend to have higher ROA, but other credit unions are usually sharing the same trends.
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