Maine Credit Unions

Member engagement showed mixed signals as growth decelerated to 0.72% in Q4 2025 from 0.92% in Q3 and a robust 2.23% in Q4 2024. While the quarter-over-quarter slowdown of 20 basis points suggests near-term acquisition challenges, the cohort maintains positive momentum and significantly outpaces the national decline of 0.69%.

Profitability metrics remained stable with ROA holding at 0.88% in Q4 2025, down just 3 basis points from Q3's 0.91% and up 4 basis points from Q4 2024's 0.84%. NIM stayed flat quarter-over-quarter at 3.58% but increased 17 basis points year-over-year from 3.42%, demonstrating solid earnings resilience.

Growth momentum accelerated significantly with asset growth reaching 6.62% in Q4 2025, up from 6.28% in Q3 and 5.02% a year ago. Loan growth decelerated slightly to 4.32% from 4.46% quarter-over-quarter but remains substantially above the 0.52% national benchmark, reflecting strong lending demand.

Risk metrics remained well-controlled with delinquencies stable at 0.82% quarter-over-quarter but up 12 basis points from 0.70% year-over-year. Charge-offs held steady at 0.25% both quarterly and annually. Net worth improved to 11.64% from 11.50% year-over-year, though below the 13.68% national average.

Portfolio composition showed strategic shifts with first mortgage concentration declining to 37.63% from 37.93% year-over-year, while indirect auto lending increased to 15.87% from 14.85%. Certificate concentrations rose to 25.14% from 24.43% annually, reflecting deposit gathering efforts amid rate competition.