Credit Union Revenue Inches Up

Strong loan growth combined with increased investment and fee income helped propel credit union net income during the first quarter.

 
 

TOTAL REVENUE AND ANNUAL GROWTH

FOR U.S. CREDIT UNIONS | DATA AS OF 03.31.22
© Callahan & Associates | CreditUnions.com

First quarter revenue at U.S. credit unions rose by 2.5% thanks to continued growth across the loan portfolio. Overall revenue stood at $21.2 billion as of March 31, 2022, up from $20.7 billion one year prior. Although loan growth played a major role in that jump, credit unions posted growth in other metrics as well. For example, income from investments and fees rebounded after declines in the year ending March 31, 2021.

For more information, watch Callahan’s Trendwatch webinar or read about five major takeaways from first quarter data.