Montana's 41 credit unions delivered robust asset growth of 5.69% in Q4 2024, accelerating from 4.86% last quarter and surging from 1.23% a year ago. However, member growth remained negative at -0.36%, though improving from -0.54% in Q3. ROA declined to 0.73% from 0.88% quarterly and 0.85% annually, while NIM held steady at 3.68%. Delinquencies increased to 0.70% from 0.54% year-over-year but remained stable quarter-over-quarter. Strong asset momentum suggests effective deposit gathering despite membership challenges.
✦ CU Wrapped 2025 · Annual Review
Montana Credit Unions
MT Credit Unions
2025-Q4
41 Credit Unions
Montana Credit Unions Show Strong Asset Growth Despite Profitability Pressures and Member Losses
Key Insights
Year-over-Year Changes
Share Certificate Concentration (%) (Absolute)
▲
2024-Q4
→
2025-Q4
17.36% → 17.94%
(+0.58%)
Member Growth (YoY) (Absolute)
▼
2024-Q4
→
2025-Q4
1.76% → -0.36%
(-2.11%)
Asset Growth (YoY) (Absolute)
▲
2024-Q4
→
2025-Q4
1.23% → 5.69%
(+4.46%)
First Mortgage Concentration (%) (Absolute)
▼
2024-Q4
→
2025-Q4
20.61% → 20.49%
(-0.11%)
Indirect Auto Concentration (%) (Absolute)
▼
2024-Q4
→
2025-Q4
6.30% → 6.08%
(-0.22%)
Quarter-over-Quarter Changes
Share Certificate Concentration (%) (Absolute)
▲
2025-Q3
→
2025-Q4
17.66% → 17.94%
(+0.28%)
Member Growth (YoY) (Absolute)
▲
2025-Q3
→
2025-Q4
-0.54% → -0.36%
(+0.19%)
Asset Growth (YoY) (Absolute)
▲
2025-Q3
→
2025-Q4
4.86% → 5.69%
(+0.83%)
First Mortgage Concentration (%) (Absolute)
▲
2025-Q3
→
2025-Q4
20.18% → 20.49%
(+0.32%)
Indirect Auto Concentration (%) (Absolute)
▼
2025-Q3
→
2025-Q4
6.13% → 6.08%
(-0.05%)
Key Metrics
Return on Assets
0.73%
▼ YoY0 basis points below national
Net Interest Margin
3.68%
▲ YoY4 basis points below national
Asset Growth
5.69%
▲ YoYMember Growth
-0.36%
Delinquency Rate
0.70%
▲ YoYNet Worth Ratio
12.25%
AMR Growth
3.70%
Deposit Growth
4.79%
Insufficient historical data for trend visualization
Loan Growth
1.44%
— YoYMember Engagement
Member Growth (YoY %)
Member engagement deteriorated with growth declining to -0.36% in Q4 2024 from 1.76% a year earlier, though showing improvement from -0.54% last quarter. The cohort outperformed the national average by 34 basis points, suggesting relative strength despite ongoing membership losses.
Profitability
Return on Assets (%)
Net Interest Margin (%)
Profitability faced headwinds with ROA decreasing to 0.73% from 0.88% last quarter and 0.85% a year ago, now matching national levels. NIM remained stable at 3.68% quarter-over-quarter but improved from 3.53% annually, staying 4 basis points below national benchmark.
Growth
Asset Growth (YoY %)
Member Growth (YoY %)
Growth momentum accelerated significantly with asset growth reaching 5.69% in Q4 2024, up from 4.86% last quarter and surging from 1.23% a year ago. Loan growth decelerated to 1.44% from 2.19% quarterly but remained 92 basis points above national levels.
Risk & Credit Quality
Delinquency Rate (%)
Net Worth Ratio (%)
Risk metrics showed mixed signals with delinquencies stable at 0.70% quarter-over-quarter but increasing from 0.54% year-over-year. Net worth decreased to 12.25% from 12.45% quarterly yet improved from 12.10% annually, remaining 1.43 percentage points below national benchmark.
Portfolio Mix
First Mortgage (%)
Indirect Auto (%)
Share Certificates (%)
Portfolio composition shifted modestly with first mortgage concentration increasing to 20.49% from 20.18% quarterly and declining from 20.61% annually. Certificate concentration rose to 17.94% from 17.66% quarterly and 17.36% yearly, while indirect auto remained relatively stable.
Strategic Implications
- • Strong asset growth momentum creates opportunities for expanded lending capacity and revenue generation
- • Negative member growth requires focused retention strategies and enhanced member value propositions
- • Stable NIM amid ROA pressure suggests need for operational efficiency improvements
- • Rising certificate concentrations indicate successful deposit gathering but may pressure future funding costs
- • Delinquency increases warrant enhanced credit monitoring and portfolio risk management
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Notable Patterns
How This Cohort Compares to National
Mpe (Annual) is 6.4pp above national
Asset Growth (annual) is 2.6pp above national
Efficiency Ratio (Annual) is 2.5pp above national
Certificate Pct is 1.9pp below national
Indirect Auto Pct is 1.7pp below national
Data Quality Notes
4 metric(s) had extreme values filtered using MAD-based, z-score > 5.0.
Member Growth (YoY) (Absolute)
2 CU(s) excluded
Raw average: 1.56% →
Cleaned average: -0.36%
View excluded credit unions
- SOUTHWEST MONTANA COMMUNITY (4401) - 44.45%
- THE MORNING STAR (24943) - 33.56%
Asset Growth (YoY) (Absolute)
1 CU(s) excluded
Raw average: 6.62% →
Cleaned average: 5.69%
View excluded credit unions
- THE MORNING STAR (24943) - 43.73%
Loan Growth (YoY) (Absolute)
1 CU(s) excluded
Raw average: 2.69% →
Cleaned average: 1.44%
View excluded credit unions
- SOUTHWEST MONTANA COMMUNITY (4401) - 52.52%
Total Delinquency Rate (60+ days) (Absolute)
1 CU(s) excluded
Raw average: 0.90% →
Cleaned average: 0.70%
View excluded credit unions
- THE MORNING STAR (24943) - 8.94%