In the first quarter of 2007, overall delinquency for credit unions was 0.62% versus 0.83% for FDIC-insured institutions, 21 bps difference. In just two years, that gap has grown to 232 bps, a tenfold increase. Additionally, there are two items worth noting that are not evident in the graph. First, credit card delinquency for the credit union industry is above the overall level, while for banks and thrifts it is below; this is because banks and thrift are charging off noncurrent credit card balances at 7.79%, nearly double the rate of credit unions. Second, FDIC-insured institutions report noncurrent loans at 90 days, versus the 60 days for credit unions; this dissimilarity in reporting causes the difference in delinquency ratios to be understated.