ARLINGTON, Va. — Credit union card balances and the rate of charge-offs have both been rising over the past year in the U.S, according to NCUA data, but not in the same states.
In NCUA data analyzed by Asset Exchange, credit union card charge-offs rose the fastest from June 2007 to June 2008 in Arizona (a 1.83% increase) Nevada (1.37%), Florida (1.80%), California (0.87%) and Delaware (0.80%).
The first four are among the states most seriously hit by the economical downturns associated with the faltering housing markets.
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