Credit unions across the United States are reporting steady or improving asset quality. The delinquency ratio remains unchanged at 1.74% from September to December. Since the delinquency ratio reached its peak (1.81%) in December 2009, the metric has decreased seven basis points. More than half (56.2%) of FirstLook credit unions report an annual decrease in delinquent loans. Industry delinquency traditionally peaks in the fourth quarter; therefore, stable delinquency is a sign of improvement in local markets. Beyond delinquency, credit unions across the United States and in defined regional groups are posting improvements in asset quality.