California Credit Unions

Member engagement strengthened notably in Q3 2025, with member growth accelerating to 0.35% from 0.12% in the prior quarter. This performance significantly outpaced the national average of -0.61%, placing California credit unions 96 basis points above the industry benchmark and demonstrating strong member retention and acquisition capabilities.

Profitability metrics showed mixed but generally positive trends. Net interest margin increased to 3.30% from 3.25% quarter-over-quarter and expanded 22 basis points year-over-year from 3.09%. ROA remained stable at 0.56% QoQ but improved 9 basis points annually from 0.47%, though both metrics trail national benchmarks.

Growth momentum accelerated across all major categories in Q3 2025. Loan growth surged to 1.21% from 0.49% QoQ, significantly outpacing the national 0.20%. Asset growth accelerated to 2.01% from 1.55% quarterly, while deposit growth reached 2.53% from 2.09%, both supporting continued expansion.

Credit quality remained stable with delinquencies holding at 0.55% both quarter-over-quarter and year-over-year, performing 30 basis points better than the national 0.85%. Net worth strengthened to 11.83% from 11.71% QoQ and 11.31% YoY, though remaining 1.85 percentage points below national levels.

Portfolio composition shifted toward real estate concentration, with first mortgages reaching 32.71%, up 1.76 percentage points year-over-year and well above the national 21.76%. Certificate concentrations increased to 21.66% from 20.78% annually, while indirect auto lending declined to 9.49% from 10.20% year-over-year.