Maryland Credit Unions

Member engagement deteriorated significantly as growth decelerated to -1.44% in Q4 2025 from positive 0.39% in Q3 and 1.34% year-over-year. The 1.82 percentage point quarterly decline and 2.77 percentage point annual decline signals substantial membership challenges, with performance 74 basis points below the national benchmark.

Profitability showed resilience with ROA stable at 0.66% quarter-over-quarter despite rising 17 basis points from 0.50% year-over-year. Net interest margin increased 5 basis points quarterly and 16 basis points annually to 3.54%, demonstrating effective yield management despite remaining below national benchmarks.

Asset growth accelerated to 2.67% from 2.57% quarter-over-quarter while remaining stable year-over-year. Loan growth turned positive, accelerating 83 basis points quarterly to 0.62%, outpacing the national benchmark by 10 basis points and signaling improved lending momentum despite membership declines.

Risk metrics showed mixed signals as delinquencies increased 10 basis points quarterly to 1.07% but remained stable year-over-year. Net worth held steady at 12.65% with minimal quarterly change while strengthening 33 basis points annually, though trailing national levels by 103 basis points.

Portfolio composition shifted toward real estate with first mortgage concentration rising to 27.20%, up 55 basis points quarterly and 96 basis points annually. Certificate deposits increased 121 basis points year-over-year to 20.44%, while indirect auto lending declined 12 basis points quarterly despite modest annual growth.