Credit Union Margins Fall in Q1 Due to Big Changes in Lending Portfolio - Credit Union Times

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Callahan & Associates reported Wednesday that credit union net income margins fell in the first quarter as inflation, rising interest rates and diminished loan payoffs changed the dynamics of their operations.
First-quarter credit union net income was 0.86% of average assets, down from a peak of 1.04%% a year earlier and 0.91% in the fourth quarter.
In the Washington, D.C., based company’s first-quarter Trendwatch webinar, Jay Johnson, chief collaboration officer, and Will Hunt, industry analyst, described major reversals that have occurred in the past year:
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