Oklahoma Credit Unions

Member engagement deteriorated in 2026-Q1, with member growth declining to -1.56% — a deceleration of 0.11 pp from -1.45% in 2025-Q4 and a sharp 2.26 pp swing from the positive 0.70% recorded in 2025-Q1 a year ago. Oklahoma CUs now trail the national member growth rate of -0.65% by 92 basis points. The reversal from positive to negative territory over the past year signals a structural challenge: Oklahoma credit unions are losing members faster than the industry average, raising concerns about long-term loan and deposit pipeline sustainability.

Profitability remained stable in 2026-Q1, with ROA edging to 0.57% from 0.54% in 2025-Q4 — a modest 4 bp improvement — and similarly stable versus 0.53% in 2025-Q1 a year ago, a 4 bp gain. Despite steady improvement, Oklahoma CUs trail the national ROA benchmark of 0.67% by 10 basis points. NIM decreased 6 bps QoQ to 3.86% from 3.92% in 2025-Q4, yet sits 6 bps above 3.80% from 2025-Q1 on a YoY basis and 17 bps above the national benchmark of 3.70%, providing a meaningful margin cushion against the ROA gap.

Asset growth decelerated modestly to 1.74% in 2026-Q1 from 1.82% in 2025-Q4 (down 0.08 pp QoQ), but accelerated sharply from just 0.09% in 2025-Q1 a year ago — a 1.65 pp YoY gain. Oklahoma CUs still trail the national asset growth rate of 2.64% by 90 basis points. Loan growth remained negative at -0.81%, though it accelerated 0.35 pp from -1.16% in 2025-Q4, suggesting the contraction is easing. Loan growth trails the national benchmark of 0.31% by 1.12 percentage points, and no YoY comparison is available for direct annual context.

Oklahoma CUs posted a meaningful improvement in credit quality in 2026-Q1. Delinquency decreased to 0.68% from 0.81% in 2025-Q4 (down 0.13 pp QoQ) and from 0.91% in 2025-Q1 a year ago (down 0.22 pp YoY), placing the cohort 9 basis points below the national benchmark of 0.78%. Net worth decreased modestly to 12.97% from 13.12% in 2025-Q4 (down 0.14 pp QoQ), but increased 0.62 pp from 12.35% in 2025-Q1 on a YoY basis. At 64 bps below the national net worth ratio of 13.61%, capital adequacy remains an area to monitor.

Oklahoma CUs' portfolio composition shifted in notable ways through 2026-Q1. First mortgage concentration edged up 0.38 pp YoY to 13.74%, but fell 0.29 pp QoQ from 14.03% in 2025-Q4 — and remains well below the national benchmark of 22.15%, indicating limited long-term mortgage exposure. Indirect auto concentration declined sharply by 2.94 pp YoY to 14.50% from 17.44% in 2025-Q1, and slipped another 0.25 pp QoQ, yet still nearly doubles the national rate of 7.73%. Certificate share decreased 0.11 pp QoQ to 22.85% but rose 0.34 pp YoY, sitting 3.05 pp above the national 19.80%.