Thursday, June 21, 2018

83 Percent of CUs Posted a Profit in Q1 2018

A greater percentage of federally insured credit unions were profitable during the first quarter of 2018 compared to a year ago.

Nationally, 83 percent of federally insured credit unions had positive net income during the first quarter of 2018, compared to 77 percent in the first quarter of 2017.

The following table shows the number of credit unions that posted a profit in the first quarter of 2018 by asset size category. As the size of the credit union increases, the likelihood of posting a profit rises.

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