Federally insured credit unions (FICUs) grew their total assets by $96 billion to a total of $2.31 trillion in the first quarter of 2024 – an increase of 4.4% from a year ago, the federal […]
A mixed bag of results from federally insured banks’ first-quarter all reports included a strong rise in overall net income, overall good asset quality, but ongoing deterioration in commercial real estate (CRE) and credit card […]
A note of “cautious optimism” was struck by the chairman of the federal credit union regulatory agency Thursday regarding second-quarter call report data from federally insured credit unions (FICUs). National Credit Union Administration (NCUA) Board […]
Credit unions saw growth in assets, savings and – especially – loans last year, but also saw their return on average assets fall and experienced greater delinquencies and charge-offs from the year before, according to […]
Credit unions overall saw their assets, loans and savings totals grow in the first quarter, but ongoing challenges will combine to lower earnings, loan growth and credit quality over the rest of the year, their […]
Credit unions improved their net worth ratios in the third quarter compared to the previous quarter, and kept their return on aggregate average assets stable, according to call report results released Monday by their federal […]
Banks had mixed financial results in the third quarter, easily outdistancing performance from a year ago (when the coronavirus crisis was raging) but slipping from last quarter, according to call report data released Tuesday. The […]
Bank data for 2020 (calendar year) is now available and includes aggregate financial and structure variables on federally insured banks dating from 1934, the Federal Deposit Insurance Corp. (FDIC) said Wednesday. The agency said the […]
Credit union assets grew 17.7% to a total of $1.84 trillion during 2020 – more than double the rate of growth the prior year – driven largely by a rapid rise in deposits amid the COVID-19 […]
Largely driven by the economic disorder that followed in the wake of the coronavirus crisis, the nation’s banks saw their net income drop off more than 36% – nearly $85 billion – by year-end 2020 […]
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