2-6 Month Delinquent Credit Cards Q3-2023

Written By Tyler Hart

The amount of delinquent credit cards (2-6mo.) has increased dramatically since mid-2022. The total amount delinquent exceeded $900M in the Q3-2023 call report:

Amount of credit cards delinquent 2-6 months Q3-2023

Given economic conditions at the end of 2023, I expect the amount of delinquent credit cards to increase in the Q4 report. It’s no wonder the NCUA is concerned about this kind of risk and asking credit unions to prepare themselves for associated losses.

Tyler Hart

Tyler Hart is a networking and security professional who started working in technology in 2002 with the US DoD and moved to the private sector in 2010. He holds a Business degree in IT Management, as well as the CISSP certification and others from Microsoft, CompTIA, Cisco, (ISC)2, Tenable Network Security, and more. For over 15 years he has worked and consulted with large and small organizations including hospitals and clinics, ISPs and WISPs, U.S. Defense organizations, and state and county governments.

https://www.manitonetworks.com
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Credit Union Membership (Q3-2023)