New Mexico Credit Unions

Member engagement showed mixed signals in Q4 2025. Growth accelerated quarter-over-quarter from 0.08% to 0.58%, indicating improved near-term momentum. However, year-over-year growth decelerated substantially from 3.25% to 0.58%, suggesting longer-term membership acquisition challenges despite outperforming the national benchmark by 127 basis points.

Profitability metrics remained robust in Q4 2025. ROA held stable at 0.89% from 0.93% last quarter while surging from 0.49% year-over-year, maintaining a 16-basis-point advantage over national levels. NIM similarly stayed stable at 3.89% quarter-over-quarter but increased from 3.69% annually, reflecting sustained margin discipline.

Growth momentum strengthened in Q4 2025. Asset growth accelerated to 5.32% from 4.78% quarter-over-quarter, though it decelerated from 6.75% year-over-year. Loan growth also accelerated from 2.65% to 2.81% quarterly. Both metrics significantly outperformed national benchmarks, indicating strong competitive positioning despite some annual moderation.

Risk metrics improved markedly across both timeframes in Q4 2025. Delinquencies decreased to 0.64% from 0.81% last quarter and from 0.83% a year ago, positioning 26 basis points below national levels. Net worth remained stable at 14.13% quarterly while increasing from 13.42% annually, maintaining strong capitalization.

Portfolio composition showed modest shifts in Q4 2025. First mortgage concentration increased both quarterly (16.61% to 16.70%) and annually (15.42% to 16.70%). Indirect auto lending decreased to 14.27% from 14.51% quarterly but increased from 13.83% annually. Certificate concentrations remained elevated at 24.15%, significantly above the national 19.80%.