Credit unions in South Dakota and Michigan reported the greatest improvement in credit card delinquency in the second quarter of 2013, with both states’ rates falling by 32 basis points over the past year. The average credit card delinquency at credit unions in South Dakota stood at 0.70% in June 2013, down from 1.02% last year. Michigan credit unions posted an average of 0.79% in credit card delinquency, down from 1.11% in previous June. Florida was the next leader, posting a 31 basis points decrease in credit card delinquency rates.
Arkansas boasted the lowest average credit card delinquency of 0.20%, followed by Washington with 0.32% in June 2013. Nationwide, the industry reported an average of 0.83% in credit card delinquency, down 8 basis points from the previous June. The amount of delinquent credit card loans decreased while the total amount of credit card loans increased over the past year, which pushed down the industry’s credit card delinquency rate.
Roll over states to see credit card delinquency rates and changes in basis points.
LEADERS IN IMPROVEMENT IN CREDIT CARD DELINQEUNCY
Data as of June 30, 2013 for All Credit Unions in the U.S.
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