Are US consumer credit delinquencies at crisis levels (auto, cards, credit unions)?

In parts, yes - and notably without a recession. Across the household balance sheet, auto 90+ day delinquencies have moved past their GFC peak and card delinquencies are near it, while bank charge-off rates sit above 2007 pre-crisis levels.

The sharpest, most concentrated stress is in credit unions: a $1.73 trillion system where card charge-offs hit 5.30% in Q1 2026, above the 2008-09 crisis peak of 4.68% for 10 consecutive quarters - a plateau, not a spike. Consumer lending is 41% of credit-union loans but 95% of the losses, and auto net charge-offs set a fresh series record. Measured against each sector's own GFC peak, credit-union cards are at 113% (past it) versus banks at just 38% - so this is concentrated in credit unions, not system-wide banking stress yet.

TigZig loads the NY Fed, NCUA and FDIC quarterly data (back to 2002) into an interactive tool, an open API and an MCP server. Explore it: https://www.tigzig.com/tremor. The analyses: https://www.tigzig.com/post/consumer-credit-stress-fed-ncua-jun2026 and https://www.tigzig.com/post/credit-union-red-flag-jun2026. Related: is the S&P masking this stress - https://www.tigzig.com/agents-faq/is-sp500-at-all-time-highs-masking-credit-stress.