Bank and Credit Union Auto Loans in Q2 2026: What the FDIC, NCUA and Federal Reserve Releases Add to the Picture

TL;DR

• At FDIC-insured banks, 0.66% of auto loan balances were noncurrent (90 or more days past due, or on nonaccrual) at June 30, 2026, on $551.9 billion outstanding, and 2.12% were 30 to 89 days past due, per the FDIC's Quarterly Banking Profile data for Q2 2026.
• At federally insured credit unions, the NCUA reports an auto loan delinquency rate of 81 basis points in Q2 2026, one basis point lower than a year earlier, on $485.4 billion of auto loans, of which $324.7 billion is used-vehicle lending.
• The Federal Reserve Board's commercial-bank series puts the annualized net charge-off rate on "other" consumer loans, the category that holds bank auto loans, at 1.21% in 2026:Q2, with 2.33% of those balances delinquent on the Board's 30-days-or-more basis.
• None of these rates can be subtracted from another, or from the New York Fed's 5.49%. The sources differ in which lenders they cover and in where the delinquency clock starts: 30, 60 or 90 days.
• A finance company or buy-here-pay-here book carries different borrowers from a bank or credit union. The depository figures are a reference for definitions and direction, and a poor target for a subprime portfolio.

Why this matters

This post is for the collections manager, servicing director or CFO at an auto finance company, credit union or buy-here-pay-here (BHPH) dealer-lender who is asked every quarter how the portfolio compares with "the industry". As of October 2026, several federal releases covering the second quarter of 2026 sit alongside the New York Fed report most people quote. They describe banks and credit unions specifically, and their definitions differ in ways that change the number.

Our earlier post on auto loan delinquency in Q2 2026 covered the New York Fed's all-lender figures and is not repeated here. This one covers the Federal Deposit Insurance Corporation's Quarterly Banking Profile, the National Credit Union Administration's data summary, and three Federal Reserve Board releases. Every figure was read on the publishing agency's own page or file on October 2, 2026.

Four sources, four definitions

The table comes first for a reason: the values are not comparable across rows.

Source	Who it covers	Measure and its definition	Q2 2026 value	Comparison the source gives
FDIC Quarterly Banking Profile, time-series data	4,238 FDIC-insured commercial banks and savings institutions	Auto loans noncurrent: 90 or more days past due, or in nonaccrual status, as a share of auto balances	0.66%	0.63% in Q1 2026; 0.63% in Q2 2025
FDIC, same file	Same	Auto loans 30 to 89 days past due, share of balances	2.12%	2.01% in Q1 2026; 2.24% in Q2 2025
FDIC, same file	Same	Auto net charge-offs over average balances, quarterly, at an annual rate	0.86%	1.01% in Q1 2026; 0.83% in Q2 2025
NCUA Quarterly Credit Union Data Summary	4,214 federally insured credit unions	Auto delinquency rate; NCUA's ratio guide counts loans 60 days or more delinquent	0.81%	0.82% in Q2 2025; 0.79% in Q1 2026
Federal Reserve Board, charge-off and delinquency rates	Insured U.S.-chartered commercial banks, seasonally adjusted	"Other" consumer loans delinquent: past due 30 days or more and still accruing, plus nonaccrual, over end-of-period loans	2.33%	2.28% in 2026:Q1; 2.38% in 2025:Q2
Federal Reserve Board, same release	Same	"Other" consumer loans charged off net of recoveries, over average loans, annualized	1.21%	1.17% in 2026:Q1; 1.20% in 2025:Q2
New York Fed Household Debt and Credit	All lenders, from a credit-report panel	Auto balances 90 or more days delinquent, share of balances	5.49%	5.60% in 2026:Q1

Three things change from row to row. The population: only the Federal Reserve Bank of New York's workbook reaches finance companies and dealer-lenders, because it is built from credit reports. The clock: delinquency starts at 30 days for the Board, 60 for the NCUA and 90 for the FDIC's noncurrent rate. And the category: the FDIC's file isolates auto loans, while the Board's "other" consumer category is consumer lending less credit cards.

Banks: what the FDIC's Quarterly Banking Profile shows

The FDIC published the second-quarter profile on August 25, 2026. The FDIC's statement on the results gives an industry-wide past-due and nonaccrual rate of 1.44 percent, down 9 basis points on the quarter, and a quarterly net charge-off rate of 0.57 percent across all loans.

The printed report does not break auto out; its Table V-A stops at "Other loans to individuals", $905.4 billion at June 30, 2026. The auto detail is in the FDIC's time-series spreadsheet published with the profile (sheet "Loan Performance"):

• $551.9 billion in auto loans outstanding at June 30, 2026, against $541.7 billion at the end of March and $522.5 billion a year earlier.
• 2.12% of auto balances 30 to 89 days past due, against 2.01% in the first quarter and 2.24% in the second quarter of 2025.
• 0.66% noncurrent, against 0.63% in both comparison quarters.
• $1,168.6 million of net charge-offs in the quarter on average balances of $546.4 billion. The file's rate of 0.86% is that quarterly ratio multiplied by four, an annual rate; it was 1.01% in the first quarter and 0.83% a year earlier.

The early bucket at banks is smaller than a year ago and the 90-day bucket slightly larger. The 30-to-89-day bucket is roughly three times the noncurrent bucket, which is where the contact workload sits.

Credit unions: what the NCUA's data summary shows

The NCUA released its second-quarter data on September 14, 2026. The National Credit Union Administration's Quarterly Credit Union Data Summary for 2026 Q2 covers 4,214 federally insured credit unions with 146.1 million members.

Auto loans grew $2.0 billion, or 0.4 percent, over the year to $485.4 billion. Used auto loans rose $3.8 billion to $324.7 billion, while new auto loans fell $1.8 billion to $160.7 billion.

The summary reports an auto loan delinquency rate of 81 basis points, down one from a year earlier; its table shows 79 basis points in the first quarter of 2026 and 96 at the end of 2025. Across all credit union loans the delinquency rate was 96 basis points, up 6 over the year, and the net charge-off ratio was 78 basis points. The summary publishes no net charge-off ratio for auto loans alone.

The NCUA's Financial Performance Report ratio guide defines the delinquent loans ratio as "the amount of loans 60 days or more delinquent" divided by total loans. A credit union's 0.81% therefore includes a 60-to-89-day slice that the FDIC's noncurrent rate leaves out, and excludes the 30-to-59-day slice that the FDIC's early bucket includes.

The Federal Reserve's bank series and the loan officer survey

The Federal Reserve Board's charge-off and delinquency release, last updated August 25, 2026, covers "insured U.S.-chartered commercial banks". Its notes say charge-offs "are measured net of recoveries as a percentage of average loans and annualized", and that delinquent loans "are those past due thirty days or more and still accruing interest as well as those in nonaccrual status".

On that basis, seasonally adjusted, the charge-off rate on "other" consumer loans was 1.21% in 2026:Q2 (1.17% in 2026:Q1, 1.20% in 2025:Q2), and the delinquency rate on the same category was 2.33% (2.28% and 2.38%). The release publishes no auto-only line.

For the forward view, the Federal Reserve Board's July 2026 Senior Loan Officer Opinion Survey, with responses from 56 domestic banks, reports that in the second quarter "standards remained basically unchanged for auto and other consumer loans, while demand weakened for auto loans". In a special question on the level of standards since 2005, "significant net shares" of banks, which the survey defines as above 20 and below 50 percent, placed their standards for subprime auto loans at the tighter end of the range. That is worth remembering before a finance-company or dealer book is set against a bank series.

The G.19, as of today

The Federal Reserve Board's G.19 Consumer Credit release current on October 2, 2026 is still the July 2026 edition, published September 8, 2026; August data had not been posted when we checked. Its quarter-end memo item puts motor vehicle loans outstanding at $1,574.8 billion for the second quarter of 2026, against $1,559.7 billion in the first quarter and $1,560.8 billion a year earlier. The footnote says the item covers loans "owned and securitized by depository institutions, finance companies, and credit unions", so it is the widest of the balance figures here and the only one that includes finance companies.

What a collections manager does with these numbers

Place the book against the right reference. The New York Fed's all-lender 5.49% and the FDIC's bank 0.66% are both 90-day measures of balances, and they are far apart. They come from different data (credit reports in one case, regulatory filings in the other) and from different lenders with different borrowers. A subprime or BHPH portfolio measured against a bank's noncurrent rate will look alarming every quarter without that saying anything about how the floor is run. Our guide to collections KPIs for auto lenders covers the definitions.

Size early-stage contact capacity to the bucket that can still cure. The FDIC's file shows the population shrinking sharply between early and late stage: 2.12% of auto balances were 30 to 89 days past due at June 30, 2026, against 0.66% noncurrent. That shrinkage is cures and roll-forwards, and the split between them is the part a collector's work can change. It is where a dedicated first-party collections support team is normally deployed, on the lender's scripts and in the lender's system.

Check charge-off timing before comparing loss rates. A lender that charges off later can carry more noncurrent balance and report a lower charge-off rate in the same quarter, with identical borrowers. A fair comparison with the 0.86% or 1.21% above starts from the lender's own rate on the same footing: net of recoveries, over average balances, annualized.

Report with the basis stated. A delinquency figure with no day count, no population and no balance-or-account label cannot be compared with anything.

An illustrative operating example

The following example is illustrative, uses round numbers and is not a client result.

Take a lender with $40 million in auto balances, flat across the quarter. At quarter-end, $1.8 million is 30 to 59 days past due, $600,000 is 60 to 89 days, and $800,000 is 90 days or more or on nonaccrual. During the quarter it charged off $700,000 and recovered $200,000 on earlier charge-offs.

That one book produces four delinquency rates, all correct:

• On the FDIC's early-bucket basis: ($1.8 million + $600,000) ÷ $40 million = 6.0% 30 to 89 days past due.
• On the FDIC's noncurrent basis: $800,000 ÷ $40 million = 2.0%.
• On the NCUA's 60-day basis: ($600,000 + $800,000) ÷ $40 million = 3.5%.
• On the Board's 30-day-plus-nonaccrual basis: $3.2 million ÷ $40 million = 8.0%.

The charge-off rate depends on the arithmetic too: $700,000 less $200,000 of recoveries is $500,000 of net charge-offs, which is 1.25% of $40 million for the quarter and 5.0% at an annual rate. Set beside the FDIC's 0.86%, the like-for-like figure is 5.0%, not 1.25%.

What operators say

The FDIC's statement on the quarter is issued in the agency's name; the page names no individual official. It concludes: "Strong capital and liquidity levels continued to support lending and protect against potential losses. However, the industry still faces weakness in certain loan portfolios and elevated unrealized losses." That is from the Federal Deposit Insurance Corporation's statement of August 25, 2026.

The NCUA is more specific to this subject. In the National Credit Union Administration's 2026 Q2 data summary: "The auto loan delinquency rate also edged down 1 basis point to 81 basis points in 2026Q2."

Both are statements about banks and credit unions, and neither extends to lenders the two agencies do not supervise.

Frequently asked questions

What was the auto loan delinquency rate at banks in Q2 2026?

The FDIC's Quarterly Banking Profile time-series data shows 0.66% of auto loan balances at FDIC-insured institutions noncurrent at June 30, 2026, meaning 90 or more days past due or on nonaccrual. A further 2.12% of auto balances were 30 to 89 days past due. A year earlier the two figures were 0.63% and 2.24%.

What was the auto loan delinquency rate at credit unions in Q2 2026?

The NCUA's Quarterly Credit Union Data Summary reports an auto loan delinquency rate of 81 basis points at federally insured credit unions in the second quarter of 2026, down one basis point from a year earlier. NCUA's ratio guide counts loans 60 days or more delinquent. Credit unions held $485.4 billion in auto loans, of which $324.7 billion was used-vehicle lending.

Why is the New York Fed's 5.49% so much higher than the bank and credit union figures?

The New York Fed measures balances 90 or more days delinquent across all lenders using credit-report data, which includes finance companies and dealer-lenders that the FDIC and NCUA do not cover. The regulatory series come from banks' and credit unions' own filings. The sources differ in population, data and definition, so the gap cannot be read as a like-for-like difference.

Are net charge-off rates annualized?

The Federal Reserve Board states that its charge-off rates are measured net of recoveries as a percentage of average loans and annualized. The FDIC's quarterly auto rate of 0.86% equals the quarter's net charge-offs divided by average balances and multiplied by four. A lender comparing its own quarterly loss rate with either would first convert it to an annual rate.

Should a buy-here-pay-here dealer benchmark against bank delinquency rates?

Bank and credit union rates describe depository portfolios, and the Federal Reserve's July 2026 loan officer survey shows banks holding standards for subprime auto loans at the tighter end of their historical range. A BHPH or subprime book carries a different borrower, so the two are not like for like. The depository series are useful for definitions and direction, and the lender's own history is the more meaningful comparison.

The bottom line

The second-quarter releases from the bank and credit union regulators describe stable auto portfolios: 0.66% noncurrent at FDIC-insured institutions, 81 basis points delinquent at credit unions, and annualized charge-off rates near one percent at banks, per the FDIC and the NCUA.

For an operator, the use of these releases is discipline about definitions: ratios computed on a stated basis, set beside the series that matches that basis, with borrower mix treated as context and not as a verdict on the collections floor. If the early-stage bucket is where capacity is short, a dedicated team for BHPH dealerships and finance companies is one option to weigh, and you can tell us about your portfolio to talk through fit.