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.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment