Ohio Credit Unions

Member engagement remains a structural concern for Ohio credit unions. Member growth held negative at -0.64% in Q2 2026, marking the fifth consecutive quarter of decline since Q2 2025, when the cohort last posted positive growth of +0.27% in Q1 2025. That said, the trajectory is improving: the rate accelerated 0.31 pp from -0.95% in Q1 2026 and 0.38 pp from -1.02% in Q2 2025. At -0.64%, Ohio now sits 5 basis points above the national benchmark of -0.69%, a modest but meaningful distinction in a broadly challenging membership environment.

Profitability was the clear highlight for Ohio credit unions in Q2 2026. ROA increased to 0.85%, up 0.16 pp from 0.69% in Q1 2026 and up 0.11 pp from 0.74% in Q2 2025 — the strongest reading in recent periods. The cohort trails the national benchmark of 0.89% by just 4 basis points, a narrowing gap. Net interest margin held steady at 3.72% quarter-over-quarter, essentially flat with a -0.004 pp change from Q1 2026, but improved 8 basis points year-over-year from 3.63% in Q2 2025, and now sits just 2 basis points below the national NIM of 3.74%.

Growth momentum strengthened across the board in Q2 2026. Asset growth accelerated to 3.62%, up 0.33 pp from 3.29% in Q1 2026 and up 0.12 pp from 3.50% in Q2 2025, extending a positive streak now running nine consecutive quarters since Q2 2024 — and outpacing the national benchmark of 2.63% by 100 basis points. Loan growth accelerated sharply to 0.97%, up 0.51 pp from 0.46% in Q1 2026 and a dramatic 1.85 pp improvement from -0.89% in Q2 2025, marking the third consecutive quarter of positive loan growth since Q4 2025, and exceeding the national rate of 0.22% by 75 basis points.

Ohio's risk profile showed mixed signals in Q2 2026. Delinquency increased to 0.91%, up 0.11 pp from 0.79% in Q1 2026 and up 0.13 pp from 0.78% in Q2 2025, placing the cohort 3 basis points above the national benchmark of 0.88% — a trend worth monitoring. On the capital side, net worth improved to 12.88%, up 0.24 pp from 12.63% in Q1 2026 and up 0.26 pp from 12.62% in Q2 2025, reflecting strengthening balance sheets. However, at 12.88%, Ohio trails the national net worth ratio of 13.81% by 93 basis points, indicating a meaningful capital cushion gap relative to peers.

Ohio's portfolio composition shifted modestly in Q2 2026. First mortgage concentration increased to 20.45%, up 0.10 pp from 20.34% in Q1 2026 and up 0.82 pp from 19.63% in Q2 2025, though still trailing the national average of 22.22%. Indirect auto concentration rose to 11.87%, up 0.52 pp from 11.35% in Q1 2026 and up 0.43 pp from 11.44% in Q2 2025 — well above the national benchmark of 7.71%, signaling a deliberate strategic emphasis on this channel. Share certificate concentration eased slightly to 19.21%, down 0.22 pp from 19.43% in Q1 2026, but up 0.50 pp from 18.71% in Q2 2025, approaching but still below the national 20.02%.