trending Market Intelligence /marketintelligence/en/news-insights/trending/7u8fmXQUq9UZ0TddConOEw2 content esgSubNav
In This List

Credit quality improves YOY at US credit unions, community banks in Q2'19

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Credit quality improves YOY at US credit unions, community banks in Q2'19

Credit quality at U.S. community banks and credit unions improved year over year in the second quarter.

As of June 30, U.S. credit unions had $7.51 billion in nonperforming assets, down 0.9% on an annualized basis. Nonperforming assets as a percent of total assets fell to 0.49% at the end of June, a 4-basis-point improvement over the second quarter of 2018.

U.S. community banks posted a 4.4% decrease in nonperforming assets over the year-ago quarter, and the industry's nonperforming asset ratio dropped 10 basis points to 0.81% of total assets.

The net charge-off ratio at U.S. credit unions fell 6 basis points year over year to 0.55%, while at community banks, the ratio dropped 4 basis points to 0.11%. Due to a higher proportion of consumer loans, net charge-offs tend to run higher at credit unions.

SNL Image

Click here to access a template that allows users to analyze key performance metrics, credit quality, balance sheets and income statements for banks and credit unions.