Indiana Credit Unions

Member engagement deteriorated as growth decelerated to -1.21% in Q4 2025 from -0.92% in Q3 2025 quarter-over-quarter, while turning sharply negative from 0.08% growth in Q4 2024 year-over-year. The 129 basis point annual decline and 51 basis point underperformance versus national levels signals meaningful membership retention challenges.

Profitability remained robust with ROA stable at 0.90% quarter-over-quarter, down just 2 basis points from Q3 2025, while increasing 13 basis points from 0.77% in Q4 2024. NIM strengthened to 3.81%, up 5 basis points quarterly and 25 basis points annually, maintaining 17 and 9 basis point premiums above national benchmarks respectively.

Growth metrics showed mixed momentum as asset growth accelerated to 3.28% from 2.76% quarter-over-quarter but decelerated from 3.84% year-over-year. Loan growth accelerated dramatically from -0.47% to 1.52% quarterly, while deposit growth decelerated slightly to 2.27% from 2.33%, trailing national levels by 31 basis points.

Risk indicators remained controlled with delinquency stable at 1.04%, up just 2 basis points quarterly and 10 basis points annually, though running 14 basis points above national levels. Net worth strengthened to 13.83%, improving 9 basis points quarterly and 48 basis points year-over-year, exceeding national benchmarks by 15 basis points.

Portfolio composition shifted toward longer-term assets with first mortgage concentration rising to 20.66%, up 6 basis points quarterly and 68 basis points annually. Certificate deposits increased to 19.26%, gaining 21 basis points quarterly and 140 basis points year-over-year, while indirect auto lending declined 41 basis points annually to 10.71%.