Mississippi Credit Unions

Member engagement showed strong recovery with growth accelerating to 0.89% in Q3 2025 from -0.41% in Q2 2025, marking a significant 1.30 percentage point quarterly improvement. This performance substantially outpaced the national member decline of -0.61%, positioning Mississippi credit unions 1.50 percentage points above the industry benchmark.

Profitability metrics remained robust with ROA stable at 0.80%, up slightly from 0.76% last quarter but down 7 basis points year-over-year from 0.87%. Net interest margin strengthened to 4.42%, increasing 8 basis points quarterly and 14 basis points annually, maintaining a commanding 69 basis point advantage over the national average of 3.72%.

Growth patterns showed mixed momentum with loan growth accelerating dramatically to 3.24% from 0.28% quarter-over-quarter, significantly outpacing national loan growth of 0.20%. However, asset growth decelerated to 2.27% from 3.01% quarterly, while deposit growth decelerated to 1.99% from 2.76%, both trailing national benchmarks by 27 and 33 basis points respectively.

Risk metrics improved across both timeframes with delinquencies decreasing to 1.25% from 1.38% quarterly and from 1.34% year-over-year. Net worth strengthened to 17.89%, up 67 basis points quarterly and 1.37 percentage points annually, maintaining a substantial 4.22 percentage point cushion above the national average of 13.68%.

Portfolio composition shifted toward certificates, increasing to 19.26% from 17.63% year-over-year, approaching the national level of 19.60%. Indirect auto lending remained minimal at 2.52% versus 7.90% nationally, while first mortgage concentration stayed low at 8.20% compared to the national 21.76%, reflecting Mississippi credit unions' distinct lending focus.