South Carolina Credit Unions

Member engagement showed mixed signals in Q4 2025. While member growth remained negative at -0.26%, it accelerated from -0.46% in Q3 2025, indicating improvement in member retention. However, the year-over-year comparison reveals concerning deceleration from positive 0.25% growth in Q4 2024, suggesting ongoing membership challenges despite quarterly improvements.

Profitability metrics delivered solid performance with some quarterly softening. ROA decreased to 0.98% from 1.08% in Q3 2025 but remained stable year-over-year at 0.94%, maintaining a strong 25 basis point premium to the national benchmark. NIM showed resilience, staying stable at 4.30% quarterly while increasing from 4.18% annually, significantly outpacing national levels.

Growth momentum accelerated across key metrics in Q4 2025. Asset growth accelerated to 2.81% from 2.30% in Q3 and 2.09% year-over-year, though trailing the national 3.11% benchmark. Loan growth remained stable at 1.81% quarterly, significantly outperforming the national 0.52% rate by 129 basis points, demonstrating strong lending franchise performance.

Risk indicators showed deterioration requiring attention. Delinquencies increased to 0.94% from 0.85% in Q3 2025 and 0.80% a year ago, now slightly above the national 0.90% benchmark. However, net worth remained strong at 14.79%, stable from 14.75% quarterly and increased from 14.22% annually, providing solid capital cushion above national levels.

Portfolio composition shifted toward traditional products in Q4 2025. Certificate concentration increased to 17.77% from 17.40% quarterly and 17.18% annually, though remaining below national 19.80%. First mortgage exposure grew to 17.75% from 17.19% year-over-year while declining from 17.99% quarterly. Indirect auto lending decreased to 5.86%, well below national concentration levels.