NCUA Chairman Todd Harper said Thursday he is concerned about deteriorating loan quality and low originations, especially for autos, but said some improvement in these areas for credit unions could be expected if the Feds lower interest rates.
Harper and other NCUA executives spoke with reporters Thursday with the NCUA's release of its full set of second-quarter data and summary report.
As reported earlier, net income was $4.1 billion in the three months ending June 30, or an annualized return of 0.71% of average assets, down from 0.77% a year earlier and up from 0.66% in the previous quarter.
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