Total loans outstanding at federally insured credit unionsincreased to $823.4 billion during the second quarter of 2016, anincrease of 10.5% from a year ago, the NCUA said Tuesday.
At the same time, delinquencies rose in several loan categories,according to data based on the agency's Call Reports. Thedelinquency rate rose 1 basis point from last year and stood at 75basis points, the agency said.
“Going forward, it's important for credit unions to remaindiligent in assessing underwriting risks to keep overall systemrisk to manageable levels,” NCUA Chairman Rick Metsger said, as theagency released the data.
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