Idaho Credit Unions

Member engagement remains a clear strength for Idaho credit unions. Member growth accelerated to 1.23% in Q2 2026, up from 1.08% in Q1 2026 (QoQ) and from 0.59% in Q2 2025 (YoY), marking nine consecutive quarters of positive member growth since Q2 2024. This stands 1.93 percentage points above the national benchmark of -0.69%, where the industry is actually shrinking its membership base. The sustained upward trajectory in membership signals that Idaho CUs are successfully attracting and retaining members in a competitive deposit environment.

Profitability deteriorated meaningfully in Q2 2026. ROA declined to 0.68% from 0.74% in Q1 2026 — a drop of 6 bps quarter-over-quarter — and fell sharply from 0.87% in Q2 2025, a year-over-year decrease of 0.19 pp, leaving Idaho CUs 21 bps below the national ROA of 0.89%. Net interest margin offered no relief, holding essentially flat at 3.65% both QoQ and YoY (up just 0.025 pp annually), and remaining 9 bps below the national NIM of 3.74%. Compressing returns amid accelerating balance-sheet growth is an unsustainable combination that warrants close attention.

Balance-sheet expansion accelerated sharply in Q2 2026. Asset growth reached 5.02%, up from 4.74% in Q1 2026 and 3.18% in Q2 2025 — a 1.83 pp year-over-year acceleration — and now sits 2.39 pp above the national benchmark of 2.63%, extending a positive streak running nine consecutive quarters since Q2 2024. Loan growth accelerated even more dramatically, rising to 4.67% from 3.63% in Q1 2026 and 1.07% in Q2 2025, a 3.60 pp YoY surge, placing Idaho CUs 4.45 pp above the national loan growth rate of 0.22% and extending a five-quarter positive streak.

The risk picture is mixed but broadly improving on credit quality while raising capital concerns. Delinquency (60+ days) decreased to 0.71% in Q2 2026 from 0.87% in both Q1 2026 and Q2 2025 — a 0.16 pp improvement on both a QoQ and YoY basis — and now sits 17 bps below the national benchmark of 0.88%, a favorable position. However, net worth deteriorated sharply to 10.30%, down 1.25 pp from 11.55% in Q1 2026 and down 1.11 pp from 11.41% in Q2 2025, leaving Idaho CUs 3.51 pp below the national net worth ratio of 13.81% — a growing structural vulnerability.

Idaho CUs are concentrating heavily in first mortgages and certificates, with both metrics rising sharply. First mortgage concentration reached 30.27% in Q2 2026, up 3.00 pp from 27.27% in Q1 2026 and up 3.40 pp from 26.87% in Q2 2025, now 8.05 pp above the national average of 22.22%. Indirect auto lending at 14.18% is nearly double the national 7.71%. On the liability side, share certificates climbed to 31.40%, up 4.21 pp QoQ from 27.19% and up 4.32 pp YoY from 27.08%, far exceeding the national 20.02% — signaling elevated funding costs and member preference for rate-sensitive products.