Florida delinquency rate among most improved

On Tuesday, Callahan and Associates released its first look trends on statistics from the second quarter. It ranked the top 10 states with the greatest improvement in delinquencies year over year. Florida ranked fourth behind Delaware, Alaska, and North Carolina. Florida’s delinquencies stand at 0.99 percent for an .11 percent improvement from a year earlier. […]

Decline arrow_copy_1On Tuesday, Callahan and Associates released its first look trends on statistics from the second quarter. It ranked the top 10 states with the greatest improvement in delinquencies year over year. Florida ranked fourth behind Delaware, Alaska, and North Carolina. Florida’s delinquencies stand at 0.99 percent for an .11 percent improvement from a year earlier.

This continues a decline in delinquencies in Florida. Four years ago the delinquency rate for credit unions was over two percent. To see a 1.20 percent decline in delinquencies shows that loans are coming back and much stronger loans are being made.

Alabama’s delinquency rate continues to be low at .79 percent. Over the past four years, the delinquency rate has fallen about .60 percent. Check out Callahan and Associates Twitter feed for more quarterly trends.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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