Friday, December 20, 2019

89 Percent of CUs Profitable During First 3 Quarters on 2019

The National Credit Union Administration reported on December 17 that 89 percent of all federally insured credit unions were profitable during the first three quarters of 2019.

In comparison, 88 percent of all federally insured credit unions were profitable during the first 3 quarters of 2018.

All federally insured credit unions in Alaska, Maine, Nevada, New Hampshire, and Vermont reported positive net income during the first 3 quarters of this year.

Only 75 percent of credit unions in Arkansas were profitable.

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