Hawaii Credit Unions

Member engagement showed mixed signals with growth accelerating quarter-over-quarter to -0.10% from -0.34% in Q3 2025, but decelerating significantly from the positive 0.72% growth recorded in Q4 2024. Despite the year-over-year decline, Hawaii credit unions maintained better member retention than the national average of -0.69%.

Profitability remained strong with ROA at 0.75%, up substantially from 0.54% in Q4 2024 despite a modest 6 basis point quarterly decline from 0.81%. NIM held stable quarter-over-quarter at 3.06% and improved 27 basis points year-over-year, though it remains 66 basis points below the national benchmark of 3.72%.

Growth momentum decelerated modestly with asset growth at 5.59%, down 9 basis points from Q3 2025 and 14 basis points from Q4 2024. Loan growth decelerated more significantly to 1.42% from 2.22% last quarter, though still exceeding the national rate of 0.52% by 90 basis points.

Risk metrics improved substantially with delinquencies decreasing to 0.74% from 0.89% in Q3 2025 and from 1.03% a year ago. Net worth remained stable quarter-over-quarter at 13.75% and increased 10 basis points year-over-year, maintaining a healthy 8 basis point cushion above the national average.

Portfolio composition shifted toward certificates and mortgages, with certificate concentration rising to 24.11% from 23.49% quarterly and 22.18% annually. First mortgage exposure increased to 31.69% year-over-year while indirect auto lending decreased to 5.03%. All concentrations remain well-differentiated from national benchmarks, reflecting Hawaii's unique market dynamics.