Georgia Credit Unions

Member engagement faced headwinds in Q3 2025, with growth decelerating to -0.19% from 0.32% in Q2 2025, marking a 51 basis point decline quarter-over-quarter. Despite this quarterly softness, Georgia credit unions maintained a 42 basis point advantage over the national member growth rate of -0.61%.

Profitability remained exceptionally strong in Q3 2025, with ROA stable at 0.92% (up 2 basis points quarter-over-quarter) and climbing 12 basis points year-over-year from 0.80%. NIM similarly held steady at 4.11%, up 2 basis points quarterly and 16 basis points annually, positioning 38 basis points above national benchmarks.

Growth momentum accelerated across key metrics in Q3 2025. Loan growth surged to 2.34% from 0.70% quarter-over-quarter, while asset growth accelerated to 2.39% from 2.20%. However, deposit growth decelerated to 1.15% from 1.44%, creating a 1.16 percentage point gap below national deposit growth rates.

Risk metrics remained well-controlled in Q3 2025, with delinquencies stable at 0.83% (down 1 basis point quarterly and 28 basis points year-over-year). Net worth strengthened to 14.43% from 13.83% quarter-over-quarter and 13.98% year-over-year, maintaining a healthy 75 basis point cushion above national levels.

Portfolio diversification continued in Q3 2025, with first mortgage concentration rising to 14.12% (up 53 basis points quarterly and 66 basis points annually). Certificate concentrations increased to 19.91%, slightly above the national 19.60%, while indirect auto lending grew to 4.61% despite remaining below national benchmarks.