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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