Oklahoma Credit Unions

Member growth in Oklahoma remained negative for a fifth consecutive quarter in Q2 2026, registering -0.52% — though this represents a meaningful improvement from -1.56% in Q1 2026 (QoQ) and -0.88% in Q2 2025 (YoY), with both comparisons showing an accelerating trend. The cohort now sits 17 basis points above the national benchmark of -0.69%, suggesting Oklahoma credit unions are losing members at a slower pace than the industry. Still, the last positive reading was Q1 2025 at +0.70%, and reversing the streak will require deliberate member acquisition and retention strategies.

Profitability improved materially in Q2 2026. ROA increased to 0.74% from 0.57% in Q1 2026 — a gain of 0.17 pp quarter-over-quarter — and rose 0.16 pp from 0.58% in Q2 2025, reflecting broad-based improvement across both timeframes. Oklahoma's NIM expanded to 3.98%, up 0.12 pp from Q1 2026 and up 0.10 pp from Q2 2025, outpacing the national NIM of 3.74% by 24 basis points. Despite these gains, ROA trails the national benchmark of 0.89% by 14 bps, indicating room to close the efficiency gap.

Asset growth accelerated sharply in Q2 2026, reaching 2.69% — up 0.95 pp from 1.74% in Q1 2026 and up 1.27 pp from 1.42% in Q2 2025, marking six consecutive quarters of positive asset expansion. The cohort now stands 6 basis points above the national benchmark of 2.63%. Loan growth, however, remained negative for a fifth straight quarter at -0.36%, though it accelerated from -0.81% in Q1 2026 (QoQ) and from -0.62% in Q2 2025 (YoY). The 57-bp gap below the national loan growth rate of 0.22% signals ongoing loan demand challenges.

Oklahoma's risk profile presents a mixed picture in Q2 2026. Delinquency increased modestly to 0.76% from 0.68% in Q1 2026 — a rise of 8 basis points quarter-over-quarter — though it improved significantly from 0.90% in Q2 2025, a year-over-year decrease of 0.13 pp. The cohort remains 11 basis points below the national delinquency benchmark of 0.88%, a favorable position. Net worth strengthened to 13.28%, up 0.31 pp from Q1 2026 and up 0.67 pp from Q2 2025, though it trails the national ratio of 13.81% by 53 basis points.

Oklahoma credit unions continue to diverge from national portfolio norms. First mortgage concentration declined to 13.59% in Q2 2026 — down 0.16 pp from Q1 2026 and down 0.22 pp year-over-year from Q2 2025 — sitting far below the national benchmark of 22.22%. Indirect auto concentration fell to 14.15%, down 0.35 pp from Q1 2026 and down 1.46 pp from Q2 2025, yet still nearly double the national rate of 7.71%. Share certificate concentration edged down to 22.78%, off 6 basis points from Q1 2026 and 0.16 pp from Q2 2025, modestly above the national 20.02%.