Monday, June 12, 2017

Almost 1300 Federally Insured CUs Reported a Loss in Q1 2017

According to Call Report data, 1,294 credit unions reported a loss for the first quarter of 2017.

In other words, 22.6 percent of federally insured credit unions had a loss.

Thirteen credit unions reported a quarterly loss of $1 million or more for the quarter (see table below). Three of the credit unions reporting a loss of $1 million or more are currently under conservatorship -- Melrose CU, Shreveport FCU, Community United FCU.

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