Almost 88 Percent of CUs Reported Positive Net Income Thru Q3

Almost 88 percent of federally insured credit unions reported earning a profit thru the first 3 quarters of 2018.

Of the 5,436 federally insured credit unions, 4,783 reported positive net income.

Higher interest rates have caused an improvement in net interest margins at credit unions, which helped to lift net income. Net interest margins are up 13 basis points thru the first 3 quarters of 2018 and 24 basis points since the end of 2016.

There is a positive relationship between net income and credit union size. All credit unions with at least $1 billion in assets reported positive net income.