Losses on investments were the biggest drag on earnings as revenue rose.

MBA finds originations were less than half of those a year earlier, while a sample of NCUA data shows a smaller drop for CUs.

But Fed report shows credit card balances lagged growth rate for banks.

CUNA report also shows auto loans slightly lagged February-to-March gains since 2016.

Economists inside and out of the credit union industry warn the Fed's actions will take their toll in coming months.

Fed raises rates 25 basis points, but Powell says rates are likely to hold as long as inflation continues to subside.

In the Southeast, the state chartered version plans to add branches in Charleston, S.C., and Atlanta.

First-quarter results fall from the fourth quarter as originations plummet and net interest margins tighten.