Alaska Credit Unions

Member engagement showed mixed signals in Q4 2025. Growth remained stable quarter-over-quarter at 0.67%, essentially unchanged from Q3's 0.63%. However, the year-over-year comparison revealed significant deceleration, dropping 1.46 pp from 2.13% in Q4 2024. Despite this slowdown, Alaska credit unions maintained positive member growth, outperforming the national benchmark by 1.37 percentage points.

Profitability metrics demonstrated strong year-over-year improvement with modest quarterly stability. ROA increased 16 bps year-over-year to 0.62%, though remained stable quarter-over-quarter with just a 2 bp decline. NIM showed similar patterns, rising 20 bps annually to 4.18% while holding essentially flat quarterly. Alaska credit unions maintained a 46 bp NIM advantage over the national benchmark of 3.72%.

Growth trends showed contrasting quarterly and annual trajectories. Asset growth decelerated 87 bps quarter-over-quarter from 5.16% to 4.28%, while loan growth decelerated 16 bps from 3.33% to 3.17%. However, year-over-year performance was robust, with asset growth accelerating 7.16 pp from negative 2.88% in Q4 2024. Both metrics significantly outpaced national benchmarks.

Risk metrics remained well-controlled with improving annual trends. Delinquencies held stable quarter-over-quarter at 0.88%, up just 4 bps from Q3's 0.84%. Year-over-year improvement was more pronounced, decreasing 6 bps from 0.94%. Net worth ratios remained stable both quarterly and annually at 11.59%, though tracking 2.09 percentage points below the national benchmark of 13.68%.

Portfolio composition shifted toward traditional products in Q4 2025. Certificate concentrations increased both quarterly (63 bps to 22.53%) and annually (1.25 pp), exceeding the national average of 19.80%. First mortgage exposure grew 23 bps quarterly and 84 bps annually to 20.77%. Indirect auto lending remained elevated at 15.80%, substantially above the national benchmark of 7.78%.