Florida Credit Unions

Member growth accelerated to 0.58% in Q2 2026, up from 0.33% in Q1 2026 (QoQ) and a sharp reversal from -0.04% in Q2 2025 (YoY) — a gain of 0.62 pp year-over-year. Florida CUs now sit 1.28 pp above the national benchmark of -0.69%, which itself is in negative territory. This marks the third consecutive positive quarter for member growth since 2025-Q4, following a negative reading of -0.23% in Q3 2025. The sustained momentum signals genuine membership demand, not a one-quarter anomaly.

Profitability showed meaningful sequential improvement: ROA increased to 0.70% in Q2 2026 from 0.59% in Q1 2026, a gain of 0.12 pp QoQ. Year-over-year, ROA is essentially stable, holding at 0.70% versus 0.70% in Q2 2025 — a negligible 0.002 pp change. Florida CUs trail the national ROA of 0.89% by 18 bps. NIM expanded to 3.67%, up 5 bps QoQ from 3.62% and up 0.11 pp YoY from 3.55%, now just 7 bps below the national 3.74%, suggesting improving interest income momentum.

Growth metrics are a clear strength. Asset growth accelerated to 4.40% in Q2 2026 from 3.44% in Q1 2026 (QoQ, +0.96 pp) and from 2.51% in Q2 2025 (YoY, +1.89 pp), marking nine consecutive quarters of positive asset growth since Q2 2024 and sitting 1.77 pp above the national rate of 2.63%. Loan growth similarly accelerated to 4.82% from 4.14% in Q1 2026 (+0.68 pp QoQ) and from 2.92% in Q2 2025 (+1.90 pp YoY), now 4.61 pp above the national 0.22%, with five consecutive positive quarters since Q2 2025.

The risk profile is modestly deteriorating. Delinquency increased to 0.60% in Q2 2026 from 0.53% in Q1 2026 (+7 bps QoQ) and from 0.54% in Q2 2025 (+6 bps YoY). While Florida CUs remain well below the national delinquency rate of 0.88% by 28 bps, the consistent upward drift on both timeframes warrants monitoring, particularly alongside accelerating loan growth. Net worth increased slightly to 11.71% from 11.64% in Q1 2026 (+7 bps QoQ) and from 11.64% in Q2 2025 (+7 bps YoY), though it trails the national 13.81% by 2.10 pp.

Portfolio composition shifted modestly in Q2 2026. First mortgage concentration increased to 21.88%, up 9 bps QoQ from 21.79% and up 0.41 pp YoY from 21.47%, approaching but still slightly below the national 22.22%. Share certificates rose to 24.71%, up 0.32 pp QoQ from 24.39% and up 1.85 pp YoY from 22.87%, significantly exceeding the national 20.02% — a sign of elevated member preference for fixed-rate savings. Indirect auto concentration edged down to 10.81%, stable QoQ (-2 bps) and down 0.15 pp YoY, yet remains well above the national 7.71%.