Alaska Credit Unions

Member engagement showed mixed signals in Q3 2025. Member growth decelerated to 0.63% from 1.36% quarter-over-quarter, though this remains substantially above the national decline of -0.61%. The slowdown in member acquisition suggests potential challenges in market penetration despite Alaska credit unions maintaining positive growth momentum.

Profitability improved across key metrics in Q3 2025. ROA increased to 0.64% from 0.55% quarter-over-quarter and 0.47% year-over-year, though remaining 14 basis points below national. NIM strengthened to 4.19% from 4.12% QoQ and 3.97% YoY, significantly outperforming the national 3.72% by 46 basis points.

Growth metrics accelerated strongly in Q3 2025. Asset growth accelerated to 5.16% from 3.32% quarter-over-quarter, loan growth accelerated to 3.33% from 1.44% QoQ, and deposit growth accelerated to 5.32% from 4.13% QoQ. All growth rates substantially exceed national benchmarks, indicating robust expansion momentum.

Risk metrics remained well-controlled in Q3 2025. Delinquency stayed stable at 0.84% from 0.81% quarter-over-quarter but decreased from 0.98% year-over-year, matching the national 0.85%. Net worth increased to 11.62% from 11.56% QoQ and 11.54% YoY, though remaining 2.06 percentage points below national.

Portfolio composition shifted toward traditional lending products. First mortgage concentration increased to 20.54% with a 6.49 percentage point year-over-year gain, while indirect auto decreased to 15.63% with a 2.28 pp YoY decline. Certificate concentration rose to 21.90%, up 3.25 pp YoY, exceeding national levels.