The nation's credit unions are better capitalized and have fewer delinquencies than U.S. banks, Callahan & Associates reported on Tuesday.

Credit unions had an overall delinquency rate of 0.71% based on reports filed with the NCUA for the first quarter of 2016. That is 87 basis points lower than the 1.58% banks reported to the FDIC for the same period.

Callahan analysts said the figures show more robust underwriting at credit unions and that credit unions are able to work with members whose loans are past due.

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