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Credit quality improves at US credit unions, community banks in Q4'18

Both credit unions and community banks reported improved credit quality metrics year over year in the fourth quarter of 2018.

The net charge-off ratio at U.S. community banks fell 6 basis points year over year to 0.16%, while at credit unions it fell by 10 basis points to 0.60%.

As of Dec. 31, U.S. credit unions had $8.27 billion in nonperforming assets, down 5.2% year over year and equal to 0.56% of total assets, a 6-basis point improvement year over year. Meanwhile, U.S. community banks posted a 5.9% decrease in nonperforming assets, and the industry's nonperforming assets ratio dropped 11 basis points to approximately 0.84% of total assets.

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Information on past-due loans for banks, thrifts and credit unions can be found under the "Regulatory Financials" section on a company's page on MI website or in MI office.