WASHINGTON — Though auto loan delinquency rates across the country continue to rise steeply, credit unions can avoid that pain by sticking to strong risk management practices.

That was the message from several lending and economic experts. A recent Experian Automotive report for the second quarter showed that loans 60 days past due are up nearly 22% year over year while 30-day delinquencies shot up more than 14% — just over 3% of all auto loans are at least 30 days late. NAFCU chief economist Tun Wai believes the number for credit unions is half of the national figure at the very worst and doesn't see auto delinquencies as a major problem for the cooperative industry.

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