South Dakota credit unions demonstrated robust performance in Q3 2025, with asset growth accelerating to 5.21% from 4.01% in Q2 2025, significantly outpacing the national 2.54%. Loan growth surged to 3.74% from 2.17% quarter-over-quarter. Profitability remained exceptional with ROA stable at 1.03% and up from 0.76% year-over-year, well above national benchmarks. Despite member growth decelerating to 0.42% from 0.51% quarterly, the cohort maintains positive momentum while national membership declined 0.61%. Strong fundamentals position these institutions for continued outperformance.
South Dakota Credit Unions
SD Credit Unions
2025-Q3
33 Credit Unions
SD Credit Unions Accelerate Growth as Asset Expansion Hits 5.21% While Maintaining Strong Profitability
Key Insights
Year-over-Year Changes
Share Certificate Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
27.84% → 28.60%
(+2.73%)
First Mortgage Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
16.73% → 17.49%
(+4.50%)
Indirect Auto Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
7.92% → 7.93%
(+0.14%)
Net Worth Ratio (Absolute)
▲
2024-Q3
→
2025-Q3
10.92% → 11.32%
(+0.41%)
Net Interest Margin (NIM) (Absolute)
▲
2024-Q3
→
2025-Q3
3.68% → 3.96%
(+0.28%)
Quarter-over-Quarter Changes
Asset Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
4.01% → 5.21%
(+1.19%)
Deposit Growth (YoY) (Absolute)
▼
2025-Q2
→
2025-Q3
5.80% → 4.56%
(-1.24%)
Loan Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
2.17% → 3.74%
(+1.57%)
Member Growth (YoY) (Absolute)
▼
2025-Q2
→
2025-Q3
0.51% → 0.42%
(-0.09%)
Share Certificate Concentration (%) (Absolute)
▲
2025-Q2
→
2025-Q3
28.21% → 28.60%
(+1.37%)
Key Metrics
Return on Assets
1.03%
▲ YoY25 basis points above national
Net Interest Margin
3.96%
▲ YoY24 basis points above national
Asset Growth
5.21%
— YoYMember Growth
0.42%
Delinquency Rate
0.71%
▲ YoYNet Worth Ratio
11.32%
AMR Growth
3.99%
Insufficient historical data for trend visualization
Deposit Growth
4.56%
— YoY
Insufficient historical data for trend visualization
Loan Growth
3.74%
— YoYMember Engagement
Member Growth (YoY %)
Member engagement showed mixed signals in Q3 2025, with growth decelerating to 0.42% from 0.51% in Q2 2025, though this represents a dramatic slowdown from 6.98% in Q3 2024. Despite the deceleration, SD credit unions significantly outperformed the national trend of -0.61% membership decline by 1.03 percentage points.
Profitability
Return on Assets (%)
Net Interest Margin (%)
Profitability metrics remained exceptionally strong in Q3 2025. ROA held stable at 1.03% from Q2 2025 but increased substantially from 0.76% in Q3 2024, maintaining a 25 basis point premium over the national 0.78%. NIM remained stable at 3.96% from 3.91% quarterly and increased from 3.68% year-over-year.
Growth
Asset Growth (YoY %)
Member Growth (YoY %)
Growth momentum accelerated significantly in Q3 2025, with asset growth surging to 5.21% from 4.01% in Q2 2025, outpacing national performance by 2.66 percentage points. Loan growth accelerated dramatically to 3.74% from 2.17% quarterly. However, deposit growth decelerated to 4.56% from 5.80% quarter-over-quarter, though still exceeding national levels.
Risk & Credit Quality
Delinquency Rate (%)
Net Worth Ratio (%)
Risk metrics showed improvement in Q3 2025, with delinquencies decreasing to 0.71% from 0.83% in Q2 2025, though up from 0.65% year-over-year. Net worth strengthened to 11.32% from 10.98% quarterly and 10.92% annually, maintaining solid capitalization despite running 2.36 percentage points below the national 13.68%.
Portfolio Mix
First Mortgage (%)
Indirect Auto (%)
Share Certificates (%)
Portfolio composition shifted toward higher-yielding assets in Q3 2025, with certificate concentrations increasing to 28.60% from 28.21% quarterly and 27.84% annually, significantly above the national 19.60%. First mortgage exposure expanded to 17.49% from 16.73% year-over-year, while indirect auto remained stable at 7.93%.
Strategic Implications
- • Accelerating loan growth at 3.74% suggests successful lending strategies that could drive future revenue expansion.
- • Certificate concentration at 28.60% versus national 19.60% indicates higher funding costs requiring margin management focus.
- • Strong ROA at 1.03% provides cushion for strategic investments in member acquisition and retention programs.
- • Deceleration in deposit growth to 4.56% may require enhanced deposit strategies to fund continued loan expansion.
- • Member growth deceleration signals need for enhanced digital engagement and service differentiation initiatives.
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Notable Patterns
How This Cohort Compares to National
Assets Per Member (annual) is 252.1pp above national
Loan To Member Ratio (Quarterly) is 134.7pp above national
Loan To Member Ratio (Annual) is 132.5pp above national
Fee Income Per Member (quarterly) is 10.6pp above national
Certificate Pct is 9.0pp above national
Data Quality Notes
4 metric(s) had extreme values filtered using MAD-based, z-score > 5.0.
Return on Assets (ROA) (Absolute)
3 CU(s) excluded
Raw average: 1.17% →
Cleaned average: 1.03%
View excluded credit unions
- FT RANDALL (7067) - 7.66%
- LAKOTA (24847) - 4.33%
- SISSETON-WAHPETON (23309) - -4.02%
Net Worth Ratio (Absolute)
2 CU(s) excluded
Raw average: 12.51% →
Cleaned average: 11.32%
View excluded credit unions
- SISSETON-WAHPETON (23309) - 37.73%
- LAKOTA (24847) - 24.16%
Net Interest Margin (NIM) (Absolute)
1 CU(s) excluded
Raw average: 4.05% →
Cleaned average: 3.96%
View excluded credit unions
- SISSETON-WAHPETON (23309) - 6.97%
Total Delinquency Rate (60+ days) (Absolute)
1 CU(s) excluded
Raw average: 0.79% →
Cleaned average: 0.71%
View excluded credit unions
- SIOUX VALLEY COOP (8752) - 3.21%