Indiana Credit Unions

Member engagement showed mixed signals with growth remaining negative at -0.92% in Q3 2025, though this represented significant improvement from -1.41% in Q2. Year-over-year comparison shows a stark reversal from positive 0.61% growth in Q3 2024, indicating ongoing member retention challenges despite recent quarterly improvements.

Profitability metrics delivered exceptional performance with ROA reaching 0.92%, up from 0.78% in Q2 2025 and 0.76% in Q3 2024. Net interest margin expanded to 3.76% from 3.67% last quarter and 3.55% a year ago, demonstrating strong earnings momentum across both timeframes and outperforming national benchmarks.

Growth metrics showed mixed momentum with asset growth accelerating to 2.76% from 2.64% in Q2, outpacing the national rate of 2.54%. Loan growth accelerated significantly from -1.18% to -0.47% quarter-over-quarter, while deposit growth decelerated slightly from 2.45% to 2.33% but remained near national levels.

Risk indicators presented concerning trends with delinquencies rising to 1.02% from 0.86% in Q2 2025 and 0.81% in Q3 2024, now 17 basis points above national levels. However, net worth strengthened to 13.74% from 13.34% last quarter and 13.47% a year ago, providing enhanced capital cushion.

Portfolio composition shifted toward traditional products with first mortgage concentration rising to 20.60% from 20.29% in Q2 and 19.91% a year ago. Certificate concentration surged to 19.05% from 18.33% last quarter and 17.33% a year ago, while indirect auto lending declined to 11.02% from 11.41% year-over-year.