81 percent of FICUs reported a profit
The National Credit Union Administration reported that 81 percent of all federally-insured credit unions (FICUs) reported positive net income through the first 3 quarter of 2017.
A year earlier, 80 percent of FICUs reported positive net income over the same period.
On the other hand, 1,068 FICUs reported a loss through the first 3 quarters of 2017.
Twenty-seven credit unions reported losses in excess of $1 million through the first 3 quarters of 2017. Melrose Credit Union (Briarwood, NY) reported the largest loss of $178.3 million.
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