Colorado Credit Unions

Member growth remained negative in Q2 2026 at -0.32%, marking the fifth consecutive quarter of contraction since 2025-Q2, when the cohort last posted a positive reading of +0.75% in 2025-Q1. On a quarter-over-quarter basis, the pace of decline accelerated meaningfully — improving from -0.81% in Q1 2026 by 0.49 pp. Year-over-year, the trend also accelerated by 1.36 pp from -1.68% in Q2 2025. Notably, the cohort's -0.32% outperforms the national average of -0.69%, sitting 37 basis points above the industry benchmark, suggesting Colorado CUs are losing members more slowly than peers.

Profitability improved sharply in Q2 2026. ROA increased to 0.72% from 0.49% in Q1 2026 — a 0.23 pp gain quarter-over-quarter — and rose 0.20 pp from 0.52% in Q2 2025, reflecting broad-based earnings improvement. The cohort remains 17 bps below the national benchmark of 0.89%, indicating room to close the gap. Net Interest Margin held stable at 3.54%, up just 0.04 pp from Q1 2026 and 0.01 pp from Q2 2025, and trails the national NIM of 3.74% by 20 bps. Margin compression limits upside, but the ROA trajectory is clearly positive.

Asset growth decelerated modestly to 4.28% in Q2 2026 from 4.54% in Q1 2026 (-0.26 pp QoQ), yet accelerated sharply versus 2.09% in Q2 2025 (+2.19 pp YoY), extending a positive streak now running six consecutive quarters since 2025-Q1. The cohort's asset growth outpaces the national rate of 2.63% by 1.65 pp. Loan growth also decelerated QoQ to 1.46% from 2.23% in Q1 2026 (-0.77 pp), but accelerated YoY from -0.45% in Q2 2025 (+1.91 pp), marking two straight positive quarters and exceeding the national loan growth rate of 0.22% by 1.24 pp.

The risk profile showed a mixed picture in Q2 2026. Delinquency increased to 0.83% from 0.69% in Q1 2026 (+0.14 pp QoQ), a notable quarterly uptick, though it remains virtually stable year-over-year from 0.84% in Q2 2025 (-0.01 pp). At 0.83%, the cohort sits 5 bps below the national delinquency rate of 0.88%, offering a modest buffer. Net worth strengthened to 12.27% from 12.07% in Q1 2026 (+0.20 pp QoQ) and 12.10% in Q2 2025 (+0.17 pp YoY), though it trails the national benchmark of 13.81% by 1.54 pp, warranting continued capital attention.

Colorado CUs carry a distinctive portfolio profile relative to national peers. First mortgage concentration stands at 29.89% in Q2 2026 — up 0.28 pp year-over-year and 7.67 pp above the national average of 22.22%, reflecting a structurally real-estate-heavy book. Indirect auto lending at 12.34% exceeds the national rate of 7.71% by 4.63 pp, with minimal YoY change of +0.05 pp. Share certificate concentration rose to 27.04%, up 1.03 pp from Q2 2025 and 0.36 pp from Q1 2026, now 7.02 pp above the national average of 20.02%, signaling elevated member appetite for rate-sensitive, time-deposit products.