Guam Credit Unions

Member growth at GU Credit Unions held steady at 1.88% in Q2 2026, virtually unchanged from 1.88% a year ago in Q2 2025 (STABLE, +0.006 pp YoY), marking the second consecutive positive quarter after a negative reading of -1.98% in Q4 2025. However, growth decelerated sharply from 7.48% in Q1 2026, a 5.60 pp pullback QoQ. Despite the sequential slowdown, the cohort outperforms the national benchmark of -0.69% by 2.58 pp, signaling continued membership gains against a broadly contracting industry environment.

Profitability at GU Credit Unions presents a mixed picture in Q2 2026. ROA decreased to 0.94% from 1.26% in Q1 2026 — a 0.33 pp QoQ drop — yet improved substantially from 0.56% in Q2 2025, a 0.38 pp YoY gain that places the cohort 5 bps above the national 0.89%. NIM strengthened on both timeframes, rising 8 bps QoQ to 3.92% and 23 bps YoY from 3.69%, now 18 bps above the national 3.74%. The quarterly ROA compression, despite NIM expansion, suggests rising operating costs or provisioning pressure deserving attention.

Loan growth was the standout story in Q2 2026, accelerating to 3.75% from 2.64% in Q1 2026 (+1.11 pp QoQ) and from 2.26% in Q2 2025 (+1.49 pp YoY), now 3.53 pp above the national 0.22% — marking five consecutive quarters of positive loan growth since Q2 2025. Asset growth, however, decelerated to 1.64% from 1.92% QoQ (-0.28 pp) and from 4.53% YoY (-2.89 pp), sitting 99 bps below the national 2.63%. Deposit growth decelerated to 6.08% from 9.02% in Q1 2026 (-2.95 pp), though it remains 3.87 pp above the national benchmark.

The risk profile of GU Credit Unions showed divergent signals in Q2 2026. Delinquency increased 8 bps QoQ to 0.57% from 0.49% in Q1 2026, a modest sequential uptick; however, it decreased sharply from 1.20% in Q2 2025, a 62 bps YoY improvement that leaves the cohort 30 bps below the national 0.88%. Capital strength continued to build: the net worth ratio increased 16 bps QoQ to 12.29% from 12.13% and rose 26 bps YoY from 12.03%, though it remains 1.52 pp below the national 13.81%, indicating a buffer-building trajectory that has not yet reached industry parity.

GU Credit Unions carry a heavily mortgage-weighted loan book: first mortgage concentration rose to 46.26% in Q2 2026, up 1.25 pp from 45.01% in Q1 2026 and up 3.10 pp from 43.16% in Q2 2025 — more than double the national 22.22%. Certificate deposits also climbed, reaching 38.04%, up 0.88 pp QoQ and 0.60 pp YoY from 37.44%, nearly double the national 20.02%. Indirect auto exposure declined to 7.18%, down 0.97 pp YoY from 8.15%, now slightly below the national 7.71%. The portfolio reflects a deliberate concentration in long-duration, rate-sensitive assets.