After doing an analysis of member business loan data, CU Business Group discovered that 50% of delinquencies are concentrated in 18 of the 698 credit unions that hold 95% of all MBL dollars.
NCUA 5300 June 30 report statistics showed that 84% of MBL delinquencies and 91% of MBL charge-offs reside in the portfolios of just 100 credit unions, CUBG found.
"It's good news that the industry's problems are held by a small number of credit unions and most credit unions have low delinquencies," said CUBG President/CEO Larry Middleman. "In fact, 234 of these 698 credit unions have zero delinquencies, which is highly commendable in today's economy."
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