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1,118 Credit Unions Reported A Loss for 2017 "Credit News 24"

At the end of 2017, 1,118 credit unions reported a loss. This means 19.3 percent of all credit unions were unprofitable for the full year of 2017.

Forty-nine credit unions reported losses in excess of $1 million for all of 2017.

It should not come as a surprise that the three credit unions with the largest losses were the three large New York City taxi medallion lending credit unions -- Melrose, Progressive, and LOMTO.

The following table lists the 10 credit unions with the largest losses for 2017.



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