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Analysis


TWO BIG CREDIT UNIONS HIT BY FALLING INVESTMENT VALUES

Q2 RESULTS FOR BECU AND RANDOLPH-BROOKS SHOW HOW MARKET DROPS AND LOAN LOSS
PROVISIONS OBSCURE RISING ORIGINATIONS.

By Jim DuPlessis | August 04, 2022 at 04:25 PM

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Two of the nation’s largest credit unions followed the trend of others with
declining earnings in the second quarter, but exceeded the pack with loan
originations.

And, like the others, their earnings were strongly influenced by the declines
early this year in investments, which caused them to make heavy “mark-to-market”
subtractions to non-fee operating income.


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JIM DUPLESSIS

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