Every year at this time, this space is reserved for predictions. Last year when I made mine, I must have been in a sour mood for they were downright bleak. Fortunately for credit unions, I was wrong on a few-fortunately for credit unions, I was also right on a few. For some forecasts, it’s only a matter of time.

The first prediction I had made at the end of 2009 was that credit union delinquencies would reach 2.5%, up from 1.8%. A combination of credit unions’ tightened underwriting and a stabilizing economy proved me wrong. Thank you! According to CUNA data, credit union delinquencies peaked at 1.85% in January and have slowly but steadily declined to 1.70% as of the end of October.

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