Guam Credit Unions

Member engagement at GU Credit Unions surged dramatically in Q1 2026, with member growth accelerating to 7.48% from -1.98% in Q4 2025 — a 9.46 pp swing that places the cohort 8.13 percentage points above the national rate of -0.65%. YoY comparison data is unavailable, limiting full historical context, but the QoQ reversal from contraction to robust expansion signals a meaningful inflection. This momentum, if sustained, strengthens the foundation for deepening product penetration and long-term relationship value across the two-institution cohort.

Profitability improved sharply across all key metrics in Q1 2026. ROA increased to 1.26% from 0.45% in Q4 2025 and from 0.41% in Q1 2025, now 59 basis points above the national average of 0.67%. NIM increased to 3.84% from 3.67% QoQ and from 3.72% YoY, edging 14 basis points above the national 3.70%. Fee income per member increased to 169.08% from 106.70% last quarter and from 98.56% a year ago, now 52.90 pp above the national benchmark of 116.17%. The breadth of improvement across margin, fees, and returns reflects a genuinely strengthened earnings profile.

Growth trends in Q1 2026 present a mixed but broadly positive picture. Loan growth accelerated to 2.64% from 2.30% in Q4 2025, outpacing the national rate of 0.31% by 2.32 percentage points — a notable competitive advantage. Asset growth, however, decelerated to 1.92% from 2.91% last quarter, falling 72 basis points below the national average of 2.64%. YoY comparisons for both asset and loan growth are unavailable. The divergence between strong loan momentum and moderating asset expansion suggests the balance sheet is becoming more efficiently deployed, though sustained asset growth will require continued deposit inflows.

The risk profile at GU Credit Unions improved meaningfully in Q1 2026. Delinquency decreased to 0.49% from 0.99% in Q4 2025 — a 0.50 pp decline — and decreased from 0.64% in Q1 2025, now 29 basis points below the national benchmark of 0.78%. Net worth was stable QoQ at 12.13% versus 12.09% in Q4 2025 (a modest 4 bps increase), while increasing 0.26 pp from 11.87% in Q1 2025. At 12.13%, net worth remains 1.48 percentage points below the national average of 13.61%, representing the primary residual capital adequacy concern for the cohort.

GU Credit Unions' portfolio composition continued shifting toward mortgage concentration in Q1 2026. First mortgage share increased to 45.01% from 44.31% in Q4 2025 and from 42.62% in Q1 2025 — a 2.39 pp YoY gain — more than double the national average of 22.15%. Certificate deposits stand at 37.16%, down 0.85 pp from Q4 2025 but up 1.92 pp from Q1 2025, nearly double the national 19.80%. Indirect auto decreased to 7.44% from 7.82% QoQ and from 8.14% YoY, now slightly below the national 7.73%. The portfolio reflects a deliberate long-duration, rate-sensitive posture.