It's a year of subdued profit for the mutual ADI sector, if the 2017 financial year results of two of its leading names are any guide.P&N Bank, from Western Australia, yesterday said its net profit edged up to A$11.1 million, up from $10.6 million in 2016 financial year.People's Choice Credit Union, from South Australia, on Monday reported a fall of seven per cent in its net profit to $33.1 million.The two mutuals produced a similar growth story, with member loans up six per cent to $6.9 billion at PCCU.P&N Bank produced asset growth of only third of that achieved in the previous year.CEO Andrew Hadley said P&N's loans under management lifted 6.7 per cent and "had been intentionally constrained compared to the rate of 21 per cent in 2016, largely reflective of tighter regulatory controls on lending across the entire banking sector."For PCCU deposits increased by 9.6 per cent to $5.4 billion, a growth rate of about twice that for P&N.Steve Laidlaw, CEO of PCCU, said the last year "resulted in People's Choice's strongest net member growth for years," with 21,600 new members during the year, and net membership up by 7,937.