South Dakota Credit Unions

Member engagement showed mixed signals in Q4 2025. Growth accelerated to 0.49% from 0.42% last quarter, demonstrating continued quarterly momentum. However, the dramatic deceleration from 2.97% a year ago signals a significant cooling in member acquisition, though performance remains 1.18 percentage points above the national benchmark of -0.69%.

Profitability remained exceptionally strong in Q4 2025. ROA held stable at 1.04% quarter-over-quarter while increasing 22 basis points year-over-year from 0.81%. NIM remained stable at 3.95% quarterly but improved 35 basis points annually from 3.61%. Both metrics substantially outperform national benchmarks, with ROA 30 basis points above national.

Growth momentum moderated but remained robust in Q4 2025. Asset growth decelerated to 4.97% from 5.21% last quarter but accelerated significantly from 3.06% year-over-year. Loan and deposit growth both decelerated quarterly to 3.27% and 4.19% respectively, though both substantially exceed national benchmarks by 2.75 and 1.62 percentage points.

Risk metrics showed mixed trends in Q4 2025. Delinquencies increased 8 basis points to 0.79% from last quarter but remained stable year-over-year, staying 11 basis points below the national rate. Net worth strengthened to 11.39%, improving 7 basis points quarterly and 71 basis points annually, though remaining 2.28 percentage points below national.

Portfolio composition shifted toward traditional products in Q4 2025. Certificate concentration increased to 29.02% from 28.60% quarterly and 27.85% annually, significantly exceeding the national 19.80%. First mortgage holdings remained stable quarterly at 17.52% but increased 67 basis points year-over-year, while indirect auto exposure grew modestly both quarterly and annually.