Nebraska Credit Unions

Member engagement remains a critical vulnerability for NE Credit Unions in Q2 2026. Member growth registered -1.47%, worsening 0.70 pp from -0.76% in Q1 2026 — marking five consecutive quarters of negative growth, last positive in Q1 2025 at +1.19%. On a year-over-year basis, the trend shows modest improvement: the -1.47% reading is 0.43 pp less severe than the -1.90% recorded in Q2 2025. However, the cohort trails the national member growth rate of -0.69% by 77 basis points, signaling that membership contraction is a structural, not cyclical, challenge.

Profitability was the clear bright spot for NE Credit Unions in Q2 2026. ROA surged to 0.97%, up 0.34 pp from 0.64% in Q1 2026 and 0.27 pp above the 0.70% posted in Q2 2025, placing the cohort 8 bps above the national benchmark of 0.89%. Net interest margin held steady quarter-over-quarter at 4.14% (up just 0.04 pp from Q1 2026's 4.11%), while expanding a meaningful 0.25 pp year-over-year from 3.90% in Q2 2025. At 40 bps above the national NIM of 3.74%, the cohort's margin strength is a genuine competitive advantage.

Growth dynamics deteriorated across both asset and loan dimensions in Q2 2026. Asset growth decelerated to 0.59% from 1.00% in Q1 2026 — a 0.41 pp slowdown — and is sharply below the 4.02% pace of Q2 2025, representing a 3.43 pp year-over-year deceleration. Despite this, asset growth has remained positive for nine consecutive quarters since Q2 2024. Loan growth turned negative at -0.34%, falling 0.77 pp from Q1 2026's 0.43% and decelerating 0.42 pp from Q2 2025's 0.08%, now 56 basis points below the national loan growth rate of 0.22%.

The risk profile of NE Credit Unions worsened in Q2 2026, with delinquency rising to 1.11% — up 0.15 pp from 0.96% in Q1 2026 and 0.15 pp above the 0.96% recorded in Q2 2025, leaving the cohort 24 bps above the national benchmark of 0.88%. Net worth, however, provided a stabilizing counterpoint: at 13.19%, it was effectively unchanged quarter-over-quarter (up just 0.03 pp from Q1 2026's 13.16%) but improved 0.37 pp year-over-year from 12.82% in Q2 2025. The cohort remains 62 bps below the national net worth ratio of 13.81%.

NE Credit Unions' portfolio composition shifted modestly in Q2 2026. First mortgage concentration edged down 0.23 pp quarter-over-quarter to 18.06% from 18.28% in Q1 2026, but is up 0.41 pp year-over-year from 17.65% in Q2 2025 — still 4.16 pp below the national benchmark of 22.22%. Indirect auto concentration continued its retreat, falling 0.38 pp from Q1 2026's 5.53% to 5.15%, and down 0.77 pp from Q2 2025's 5.92% — well below the national 7.71%. Share certificate concentration ticked up 0.10 pp quarter-over-quarter to 22.21% and 0.40 pp year-over-year, now slightly above the national 20.02%.