New Jersey Credit Unions

Member engagement remains challenging with growth at -1.78% in Q3 2025, though showing acceleration from -2.10% in Q2 2025 and deteriorating from -0.94% year-over-year. The cohort trails the national benchmark by 1.17 percentage points, indicating persistent membership acquisition and retention difficulties.

Profitability showed consistent improvement with ROA rising to 0.53% from 0.48% quarter-over-quarter and 0.42% year-over-year. NIM increased to 3.72% from 3.63% quarterly and 3.51% annually, matching national levels. Despite trailing national ROA by 25 basis points, the upward trajectory demonstrates strengthening earnings capacity.

Growth metrics showed quarterly acceleration across key areas, with asset growth accelerating to 0.53% from 0.18% and deposit growth turning positive to 0.01% from -0.38%. Loan growth accelerated to -1.76% from -1.89% quarterly. However, all growth rates remain significantly below national benchmarks.

Risk profile deteriorated with delinquencies increasing to 1.50% from 1.33% quarter-over-quarter and 1.42% year-over-year. Net worth strengthened to 15.77% from 15.29% quarterly and 14.91% annually, providing a 2.10 percentage point buffer above national levels to absorb potential credit losses.

Portfolio composition shifted toward certificates, increasing 4.58 percentage points year-over-year to 14.24%, while indirect auto lending declined 16.11 percentage points to 0.94%. First mortgage concentration decreased 2.17 percentage points to 17.18%, remaining below the 21.76% national benchmark, indicating conservative lending positioning.