North Dakota's 29 credit unions demonstrated mixed performance in Q3 2025, with asset growth accelerating to 3.77% from 2.97% quarter-over-quarter, outpacing the national 2.54% benchmark. However, member growth decelerated to -1.38% from -1.24% QoQ and declined sharply from 0.64% year-over-year. Profitability remained stable with ROA at 0.85%, up from 0.81% QoQ but down from 0.93% YoY. Delinquencies increased to 0.89% from 0.78% QoQ and 0.66% YoY, signaling emerging credit stress despite strong balance sheet expansion.
North Dakota Credit Unions
ND Credit Unions
2025-Q3
29 Credit Unions
ND Credit Unions Show Mixed Performance with Strong Growth Offset by Rising Delinquencies and Member Losses
Key Insights
Year-over-Year Changes
Share Certificate Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
21.86% → 22.37%
(+2.35%)
First Mortgage Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
15.99% → 16.01%
(+0.15%)
Indirect Auto Concentration (%) (Absolute)
▼
2024-Q3
→
2025-Q3
1.16% → 1.13%
(-2.86%)
Net Worth Ratio (Absolute)
▲
2024-Q3
→
2025-Q3
13.01% → 13.32%
(+0.30%)
Net Interest Margin (NIM) (Absolute)
▲
2024-Q3
→
2025-Q3
3.12% → 3.35%
(+0.23%)
Quarter-over-Quarter Changes
Asset Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
2.97% → 3.77%
(+0.80%)
Deposit Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
2.45% → 3.03%
(+0.58%)
Loan Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
-2.72% → -2.34%
(+0.38%)
Member Growth (YoY) (Absolute)
▼
2025-Q2
→
2025-Q3
-1.24% → -1.38%
(-0.13%)
Share Certificate Concentration (%) (Absolute)
▲
2025-Q2
→
2025-Q3
22.16% → 22.37%
(+0.97%)
Key Metrics
Return on Assets
0.85%
▼ YoY7 basis points above national
Net Interest Margin
3.35%
▲ YoY37 basis points below national
Asset Growth
3.77%
— YoYMember Growth
-1.38%
Delinquency Rate
0.89%
▲ YoYNet Worth Ratio
13.32%
AMR Growth
2.42%
Insufficient historical data for trend visualization
Deposit Growth
3.03%
— YoY
Insufficient historical data for trend visualization
Loan Growth
-2.34%
— YoYMember Engagement
Member Growth (YoY %)
Member engagement weakened significantly as growth decelerated to -1.38% in Q3 2025 from -1.24% in Q2, representing a sharp reversal from positive 0.64% growth a year ago. The cohort now trails the national average by 77 basis points, indicating persistent membership challenges.
Profitability
Return on Assets (%)
Net Interest Margin (%)
Profitability showed mixed signals with ROA remaining stable at 0.85%, up 5 basis points from Q2 but down 7 basis points year-over-year. NIM strengthened to 3.35% from 3.30% QoQ and improved substantially from 3.12% YoY, though still 37 basis points below national levels.
Growth
Asset Growth (YoY %)
Member Growth (YoY %)
Growth momentum accelerated across key metrics, with asset growth reaching 3.77% from 2.97% QoQ, deposit growth advancing to 3.03% from 2.45% QoQ, and loan growth improving to -2.34% from -2.72% QoQ, though loan contraction persists significantly below national growth.
Risk & Credit Quality
Delinquency Rate (%)
Net Worth Ratio (%)
Risk indicators deteriorated as delinquencies increased to 0.89% from 0.78% QoQ and 0.66% YoY, rising above the national 0.85% benchmark. Net worth strengthened to 13.32% from 13.17% QoQ and 13.01% YoY, providing a buffer despite credit quality concerns.
Portfolio Mix
First Mortgage (%)
Indirect Auto (%)
Share Certificates (%)
Portfolio composition shifted toward certificates, increasing to 22.37% from 22.16% QoQ and up 2.35 percentage points YoY, exceeding the national 19.60% benchmark. First mortgage exposure remained stable at 16.01%, while indirect auto lending stayed minimal at 1.13%, well below national levels.
Strategic Implications
- • Address member retention challenges through enhanced engagement strategies to reverse negative growth trajectory
- • Monitor rising delinquency trends closely and strengthen credit underwriting standards to prevent further deterioration
- • Capitalize on strong deposit growth momentum while managing certificate concentration above national benchmarks
- • Evaluate loan portfolio strategy to reverse contraction and capture growth opportunities in key lending segments
- • Leverage above-average capital position to support strategic investments in member acquisition and retention initiatives
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Notable Patterns
How This Cohort Compares to National
Assets Per Member (annual) is 563.0pp above national
Loan To Member Ratio (Annual) is 69.2pp above national
Efficiency Ratio (Quarterly) is 39.1pp below national
Indirect Auto Pct is 6.8pp below national
First Mortgage Share is 5.7pp below national
Data Quality Notes
1 metric(s) had extreme values filtered using MAD-based, z-score > 5.0.
Net Worth Ratio (Absolute)
1 CU(s) excluded
Raw average: 14.99% →
Cleaned average: 13.32%
View excluded credit unions
- LISBON FARMERS UNION (64688) - 61.82%