Commenter: "You're "cherry picking" the charge-off figures!"*
😎 Nah, don't think so .
SECU management's "credit score" on credit card lending under "new/new" has shown a very consistent trend. Know that's an embarrassing fact, but these are the figures SECU reported to federal regulators:
✅ SECU annual credit card losses:
2021: $9 million 2022: $19 million ⬆ 2023: $35 million ⬆ 2024: $54 million ⬆
✅ While balances have increased 37% over the three years, losses are up 600% over 2021 ... and up in every year in between.
😎 Sour cherries? You bet! Hand-picked? Not so..
Heh, stop trying "to duck" ... and just own it!
