When looking at delinquencies, credit unions still have some of the lowest rates even among the worst performing business lending portfolios.
CU Business Group LLC discovered that after reviewing NCUA data as of Dec. 31, 2010. At the end of last year, there were 2,136 CUs with MBLs on their books. The overall average percentage of delinquencies for all CUs was 5.55%.
Taking it another step, the Portland, Ore.-based CUSO found that the 659 of those CUs with $5 million or more in MBLs on their books had an average delinquency rate of 4.23%.
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