Maine Credit Unions

Member growth for Maine credit unions accelerated modestly quarter-over-quarter, rising to 0.96% in 2026-Q1 from 0.72% in 2025-Q4 — a gain of 0.24 pp. However, the year-over-year picture is more sobering: growth decelerated sharply from 2.27% in 2025-Q1, a decline of 1.31 pp. Despite this slowdown, Maine CUs remain well ahead of the national benchmark of -0.65%, outperforming by 1.61 pp. The divergence between improving sequential momentum and weakening annual trajectory suggests engagement strategies may need recalibration to sustain longer-term membership expansion.

Profitability for Maine credit unions remained essentially stable across both timeframes. ROA edged down just 5 basis points quarter-over-quarter to 0.83% in 2026-Q1 from 0.88% in 2025-Q4, while the year-over-year comparison shows a similarly modest 4-basis-point gain from 0.79% in 2025-Q1 — both movements classified as stable. NIM followed the same pattern, slipping 4 basis points QoQ to 3.55% from 3.58%, while rising 4 basis points YoY from 3.51%. At 0.83%, ROA sits 16 basis points above the national 0.67%, though NIM trails the national 3.70% by 15 basis points.

Asset growth decelerated to 5.94% in 2026-Q1 from 6.62% in 2025-Q4 — a drop of 0.68 pp quarter-over-quarter — but accelerated meaningfully from 4.86% in 2025-Q1, gaining 1.08 pp year-over-year. Maine CUs lead the national 2.64% asset growth benchmark by 3.30 pp. Loan growth accelerated to 4.46% from 4.32% last quarter, a gain of 0.15 pp, and exceeds the national 0.31% by a wide 4.15 pp margin. Year-over-year loan growth comparison is unavailable. The combination of strong asset and loan expansion positions Maine CUs as clear growth outperformers relative to the broader industry.

Maine credit unions' risk profile showed a mixed but broadly manageable picture in 2026-Q1. Delinquency decreased to 0.67% from 0.82% in 2025-Q4, a favorable improvement of 0.15 pp quarter-over-quarter. However, on a year-over-year basis, delinquency increased 0.12 pp from 0.55% in 2025-Q1, signaling a gradual upward trend. At 0.67%, Maine CUs sit 10 basis points below the national 0.78%, a relative strength. Net worth decreased slightly by 0.06 pp QoQ to 11.58% from 11.64%, but increased 0.22 pp YoY from 11.36% in 2025-Q1, though it remains 2.04 pp below the national 13.61%.

Maine credit unions' portfolio mix continued shifting in 2026-Q1. First mortgage concentration decreased to 37.24% from 37.63% in 2025-Q4 (down 0.39 pp QoQ) and from 37.94% in 2025-Q1 (down 0.70 pp YoY), yet still far exceeds the national 22.15%. Indirect auto concentration increased to 16.45% from 15.87% last quarter (+0.58 pp QoQ) and from 15.14% a year ago (+1.30 pp YoY), more than double the national 7.73%. Share certificates rose to 25.44% from 25.14% QoQ (+0.29 pp) and from 24.36% YoY (+1.08 pp), exceeding the national 19.80% — reflecting a member preference for higher-yield deposit products.