Oregon Credit Unions

Member engagement weakened significantly as growth decelerated to -0.06% in Q3 2025 from 0.44% in Q2 2025, marking the cohort's first quarterly membership decline. While still outperforming the national average of -0.61%, the sharp 50 basis point deceleration suggests mounting competitive pressures in member acquisition and retention efforts.

Profitability strengthened across key metrics, with ROA increasing to 0.80% from 0.70% quarter-over-quarter and 0.65% year-over-year, now exceeding the national benchmark of 0.78%. NIM expanded to 3.86% from 3.80% QoQ and 3.59% YoY, demonstrating effective interest rate management and maintaining a 13 basis point advantage over national levels.

Growth momentum accelerated substantially with asset growth surging to 1.72% from 0.70% quarter-over-quarter, while loan growth jumped to 2.10% from 1.37% QoQ. Despite trailing national asset growth by 83 basis points, loan growth significantly outpaced the national rate of 0.20%. Deposit growth decelerated to 0.52% from 0.64% QoQ.

Risk metrics remained stable with delinquency rates holding steady at 0.85% from 0.81% quarter-over-quarter, matching the national benchmark exactly. Net worth strengthened to 13.11% from 12.62% QoQ and 12.18% year-over-year, though remaining 57 basis points below the national average of 13.68%, indicating solid but below-average capitalization.

Portfolio composition showed strategic shifts with first mortgage concentration at 26.52%, down 1.24 percentage points year-over-year but maintaining a significant premium to the national rate of 21.76%. Certificate concentration increased to 16.56% from prior year levels, while indirect auto lending at 13.88% remained well above national levels.