Utah Credit Unions

Member engagement showed mixed signals in Q4 2025. Member growth accelerated to 0.02% from -0.12% quarter-over-quarter, but decelerated sharply from 6.63% year-over-year. This stabilization near zero suggests Utah credit unions are maintaining their membership base after previous quarterly declines, though growth momentum has significantly cooled from the robust expansion seen a year ago.

Profitability metrics remained stable in Q4 2025. ROA held steady at 0.85%, unchanged from 0.89% last quarter but up 9 basis points year-over-year. NIM stayed flat at 3.41% quarterly and increased 15 basis points annually from 3.26%. Both metrics outperformed national benchmarks, with ROA 11 basis points above the 0.73% national average, demonstrating consistent earnings performance.

Growth trends showed divergent patterns in Q4 2025. Asset growth accelerated to 5.14% from 3.41% quarter-over-quarter but decelerated from 9.58% year-over-year. Loan growth decelerated slightly to 0.44% from 0.52% last quarter. While quarterly momentum improved for assets, the annual comparison reveals cooling from previous robust expansion, suggesting a moderating growth environment.

Risk metrics deteriorated across both timeframes in Q4 2025. Delinquencies increased to 0.87% from 0.68% quarter-over-quarter and from 0.65% year-over-year, marking consistent credit quality degradation. Net worth decreased to 13.71% from 14.16% quarterly but increased from 13.40% annually. The rising delinquency trend signals emerging credit stress despite strong capital positioning above the 13.68% national benchmark.

Portfolio composition shifted toward traditional products in Q4 2025. Certificate concentration increased to 28.39% from 27.90% quarterly and 27.55% annually, significantly above the 19.80% national average. First mortgage concentration rose to 20.07% from 19.58% quarterly and 19.98% annually. Indirect auto lending remained stable at 7.38%, below the 7.78% national benchmark, reflecting conservative auto lending strategies.