April 10, 2017


  • In the final paragraph you compare the growth of auto loan delinquency to the growth of auto loan net charge-offs in the same quarter. Might it be too soon to say that "credit unions are managing losses well", considering that there is typically a lag between a loan becoming delinquent and then being charged off? Should we instead wait until Q1 2017 to see how the rise in delinquency translates to net charge-offs? Even the graph of "Auto Loan Asset Quality" appears to show net charge-offs lagging delinquency.