Credit union net income fell in the third quarter as loan quality deteriorated sharply and consumer loan originations slumped.
NCUA data released Thursday showed the nation's 4,745 credit unions generated $3.8 billion in net income in the three months ending Sept. 30, or an annualized 0.67% of average assets. That's down from ROA of 0.91% a year earlier and 0.77% in the second quarter.
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