Minnesota credit unions delivered robust Q3 2025 results, with ROA climbing to 0.87% from 0.78% quarter-over-quarter and 0.76% year-over-year. Net interest margin expanded 11 basis points QoQ to 3.69%, while delinquencies improved to 0.57% from 0.67% last quarter. Asset growth of 3.10% outpaced the national 2.54% despite modest deceleration from Q2's 3.21%. The sector strengthened its capital position with net worth rising to 12.98%, positioning institutions well for continued expansion.
Minnesota Credit Unions
MN Credit Unions
2025-Q3
82 Credit Unions
Minnesota Credit Unions Post Strong Q3 Performance with ROA Climbing to 0.87% as Credit Quality Improves
Key Insights
Year-over-Year Changes
Share Certificate Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
21.64% → 22.05%
(+1.86%)
Indirect Auto Concentration (%) (Absolute)
▼
2024-Q3
→
2025-Q3
7.21% → 6.60%
(-8.50%)
Net Worth Ratio (Absolute)
▲
2024-Q3
→
2025-Q3
12.18% → 12.98%
(+0.80%)
First Mortgage Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
24.97% → 25.42%
(+1.80%)
Net Interest Margin (NIM) (Absolute)
▲
2024-Q3
→
2025-Q3
3.38% → 3.69%
(+0.31%)
Quarter-over-Quarter Changes
Asset Growth (YoY) (Absolute)
▼
2025-Q2
→
2025-Q3
3.21% → 3.10%
(-0.11%)
Share Certificate Concentration (%) (Absolute)
▲
2025-Q2
→
2025-Q3
21.69% → 22.05%
(+1.65%)
Indirect Auto Concentration (%) (Absolute)
▼
2025-Q2
→
2025-Q3
6.67% → 6.60%
(-1.13%)
Deposit Growth (YoY) (Absolute)
▼
2025-Q2
→
2025-Q3
3.51% → 3.27%
(-0.24%)
Loan Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
1.72% → 1.94%
(+0.22%)
Key Metrics
Return on Assets
0.87%
▲ YoY9 basis points above national
Net Interest Margin
3.69%
▲ YoY4 basis points below national
Asset Growth
3.10%
— YoYMember Growth
-0.40%
Delinquency Rate
0.57%
▼ YoYNet Worth Ratio
12.98%
AMR Growth
2.86%
Insufficient historical data for trend visualization
Deposit Growth
3.27%
— YoY
Insufficient historical data for trend visualization
Loan Growth
1.94%
— YoYMember Engagement
Member Growth (YoY %)
Member engagement remained stable in Q3 2025, with member growth at -0.40% showing minimal change from Q2's -0.35%. The cohort outperformed the national benchmark by 21 basis points, indicating relatively stronger member retention despite the modest contraction trend.
Profitability
Return on Assets (%)
Net Interest Margin (%)
Profitability surged in Q3 2025, with ROA increasing to 0.87% from 0.78% quarter-over-quarter and 0.76% year-over-year. Net interest margin expanded to 3.69% from 3.58% QoQ and 3.38% YoY, demonstrating strong pricing discipline and margin management across both timeframes.
Growth
Asset Growth (YoY %)
Member Growth (YoY %)
Growth momentum showed mixed signals in Q3 2025. Asset growth decelerated to 3.10% from 3.21% QoQ, while loan growth accelerated to 1.94% from 1.72%. Deposit growth decelerated to 3.27% from 3.51% QoQ, though all metrics significantly outpaced national benchmarks.
Risk & Credit Quality
Delinquency Rate (%)
Net Worth Ratio (%)
Risk metrics improved substantially in Q3 2025. Delinquencies decreased to 0.57% from 0.67% quarter-over-quarter and 0.64% year-over-year. Net worth strengthened to 12.98% from 12.68% QoQ and 12.18% YoY, though remaining 70 basis points below the national 13.68%.
Portfolio Mix
First Mortgage (%)
Indirect Auto (%)
Share Certificates (%)
Portfolio composition shifted toward secured lending in Q3 2025. First mortgage concentration increased to 25.42% (+1.80pp YoY), while indirect auto declined to 6.60% (-8.50pp YoY). Certificate concentration rose to 22.05% (+1.86pp YoY, +1.65pp QoQ), exceeding the national 19.60%.
Strategic Implications
- • Strong NIM expansion suggests effective rate management amid changing interest rate environment
- • Declining indirect auto concentration may reflect strategic shift toward lower-risk, higher-margin lending
- • Rising certificate funding indicates successful deposit retention despite competitive pressures
- • Improving delinquency trends provide capacity for accelerated loan growth in coming quarters
- • Capital position below national average suggests need for retained earnings focus despite strong ROA
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Notable Patterns
How This Cohort Compares to National
Assets Per Member (annual) is 337.6pp above national
Loan To Member Ratio (Quarterly) is 220.0pp above national
Loan To Member Ratio (Annual) is 196.0pp above national
First Mortgage Share is 3.7pp above national
Certificate Pct is 2.5pp above national
Data Quality Notes
5 metric(s) had extreme values filtered using MAD-based, z-score > 5.0.
Total Delinquency Rate (60+ days) (Absolute)
6 CU(s) excluded
Raw average: 0.86% →
Cleaned average: 0.57%
View excluded credit unions
- MOWER COUNTY CATHOLIC PARISHES (63258) - 2.76%
- WEST METRO SCHOOLS (62726) - 2.84%
- CO-OP CREDIT UNION OF MONTEVIDEO (62419) - 2.89%
- NORTHRIDGE COMMUNITY (61257) - 3.35%
- DANFOSS EMPLOYEES (62950) - 6.42%
- TRANSIT OPERATIONS (24539) - 8.01%
Member Growth (YoY) (Absolute)
3 CU(s) excluded
Raw average: 79.23% →
Cleaned average: -0.40%
View excluded credit unions
- ARISE COMMUNITY (68740) - 6500.00%
- TRIBE (24960) - 0.00%
- CENTRICITY (68685) - 28.21%
Asset Growth (YoY) (Absolute)
2 CU(s) excluded
Raw average: 7.67% →
Cleaned average: 3.10%
View excluded credit unions
- TRIBE (24960) - 383.50%
- ARISE COMMUNITY (68740) - -2.78%
Net Worth Ratio (Absolute)
2 CU(s) excluded
Raw average: 15.06% →
Cleaned average: 12.98%
View excluded credit unions
- TRIBE (24960) - 99.84%
- ARISE COMMUNITY (68740) - 96.99%
Return on Assets (ROA) (Absolute)
1 CU(s) excluded
Raw average: 1.43% →
Cleaned average: 0.87%
View excluded credit unions
- TRIBE (24960) - 46.70%