Pennsylvania Credit Unions

Member engagement faced headwinds in Q4 2025, with membership declining 1.33% despite accelerating from -1.49% in Q3 2025. The annual comparison reveals a more concerning trend, with growth decelerating sharply from positive 1.97% in Q4 2024, representing a 3.30 percentage point deterioration and trailing national averages by 63 basis points.

Profitability metrics remained resilient in Q4 2025, with ROA stable at 0.87% quarter-over-quarter, slipping just 3 basis points from Q3 2025, while increasing 14 basis points year-over-year from 0.73%. NIM held steady at 3.50% both quarterly and annually, rising 13 basis points from 3.37% a year ago, though trailing national NIM by 23 basis points.

Growth momentum showed mixed signals in Q4 2025, with asset growth accelerating to 3.03% from 2.20% quarter-over-quarter, yet decelerating from 5.90% year-over-year. Deposit growth accelerated to 2.31% from 1.78% quarterly, while loan growth remained stable at -1.26%, trailing national loan growth by 1.78 percentage points.

Risk metrics showed modest deterioration quarterly but remained well-controlled annually. Delinquencies increased 6 basis points to 0.92% from Q3 2025 but stayed stable compared to 0.96% in Q4 2024. Net worth strengthened to 14.75%, up 10 basis points quarterly and 59 basis points annually, maintaining a healthy 1.07 percentage point cushion above national levels.

Portfolio composition shifted toward traditional lending in Q4 2025, with first mortgage concentration rising to 20.70% from 20.34% quarterly and 20.08% annually. Indirect auto lending increased to 8.15% from prior periods, exceeding national levels. Certificate concentrations held steady at 15.53% quarterly while climbing 90 basis points annually, remaining below national benchmarks.