981 Federally Insured Credit Unions Reported Losses in 2017

According to year-end Call Report data, 981 federally-inured credit unions reported losses. In other words, 82 percent of federally insured credit unions had positive net income during 2017, a slight improvement compared to 2016.

The chart below shows the number of credit unions reporting losses by asset size (click on image to enlarge). The majority of credit unions reporting losses were under $10 million in assets.

Forty-seven federally insured credit unions reported losses of $1 million or more in 2017 with 5 credit unions reporting losses in excess of $10 million.

Below is a chart reporting the 10 credit unions with the largest losses for 2017.

On the other had, the ten credit unions reporting the highest net income in 2017 had aggregate net income of $2.64 billion.

The chart below lists the ten credit unions with the highest net income.