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Eight Credit Unions Lose $351 Million in Q4

VyStar posts a $100 million loss — the largest three-month loss — followed by an $81 million loss by Connexus.

By Jim DuPlessis | February 07, 2025 at 04:00 PM
Credit/Shutterstock

Eight credit unions had losses exceeding $10 million in the fourth quarter as assets and loan quality declined.

NCUA data gathered through Callahan’s Peer Suite showed those eight credit unions lost $350.7 million in the fourth quarter, or a -2.17% return on average assets, compared with -2.10% ROA a year earlier. For the 12 months, they lost $308.3 million, or -0.47% ROA, compared with net income of $62 million (0.09% ROA) in 2023.

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