Iowa Credit Unions

Member engagement deteriorated significantly year-over-year, with growth falling from 1.98% in Q4 2024 to -0.72% in Q4 2025, though the pace of decline decelerated from -0.90% in Q3 2025. This represents a fundamental shift from membership expansion to contraction, indicating potential competitive pressures or market saturation challenges.

Profitability showed mixed signals with ROA declining to 0.88% from 0.99% quarter-over-quarter but improving 5 basis points year-over-year from 0.83%. NIM strengthened both quarterly and annually, rising to 3.85% from 3.79% last quarter and 3.62% a year ago, outpacing the national benchmark by 13 basis points.

Growth momentum remained strong with asset growth accelerating dramatically to 3.10% year-over-year from 1.13% in 2024, though decelerating from 3.31% last quarter. Loan growth accelerated slightly to 1.33% from 1.27% quarterly, significantly outpacing national averages, while deposit growth decelerated to 2.70% from 3.24% quarter-over-quarter.

Risk metrics remained stable with delinquency rates unchanged at 1.00% both quarterly and annually, though running 10 basis points above national levels. Net worth strengthened to 14.67% from 14.59% last quarter and 13.92% a year ago, providing substantial capital cushion at 100 basis points above national benchmarks.

Portfolio composition shifted toward traditional lending with first mortgage concentration rising to 21.53%, up 78 basis points year-over-year. Certificate deposits increased to 21.99% from 21.39% annually, while indirect auto lending decreased to 9.22% from 9.53%, though still exceeding national levels by 144 basis points.