Credit card delinquencies and charge-offs at credit unions remained near all-time highs, even as the average balance on card accounts continued to grow in the first quarter, according to AssetExchange, a card broker for credit unions.

The delinquency ratio as of March 31 rose to 4.6%, believed to be its highest ever, while the charge-off ratio was at 1.9%, slightly below the 2% for the first quarter last year.

At the same time, the average balance on a credit union card grew to $2,619, up from $2,471 a year ago, the company reported yesterday.

The sale of card portfolios, slowing in recent years, continued to dry up, with no sales of portfolios more than $1 million in the first quarter.

The data was derived from information on 5300 Call Reports submitted to NCUA.

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