Community banks have lower credit card chargeoff rates than big banks, according to the Independent Bankers Association of America.

At its annual bank card conference last week in Newport Beach, Calif., the IBAA said chargeoff rates among the 2,027 community banks in its card program were 2.2% at yearend 1996. That was less than half the industrywide average, which the IBAA placed at 4.84%

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