By: Megan Boatwright

We keep hearing about home foreclosures and car repossessions on the national level but what about here in eastern Idaho?  It looks like once again the Gem State seems to be in its own economic bubble.

Drive by car lots around town and you can see they are all full, and people are buying.  While the rest of the country is stuck in the recession, in Idaho we are seeing an increase in income, according to Idaho Central Credit Union, the number one car loan lender in the state.   

They say purchasing power is good and the economy is relatively strong.  There has been a slight increase their car repossession numbers, but that has more to do with people over-extending themselves than with the recession.  

"There are a few problems out there but they are relatively insignificant when you compare it to problems on the national level," says Nile Spears, Vice President of Adjustments for the credit union. 

Idaho Central has branches throughout the state, and they still see only one or two car repossessions a month.  That small amount of repossessions means the bank's delinquency ration is less than one percent, therefore 99% of their customers are stable and making their payments on time.