Virginia Credit Unions

Member engagement remained challenging with membership declining 1.26% in Q3 2025, essentially stable from the 1.30% decline in Q2 2025. The year-over-year comparison shows a dramatic reversal from 1.89% growth in Q3 2024, placing Virginia credit unions 65 basis points below the national benchmark of -0.61%.

Profitability metrics showed steady performance with ROA stable at 0.66%, up 2 basis points from Q2 2025 and 1 basis point from Q3 2024. Net interest margin strengthened to 3.81%, increasing 4 basis points quarterly and 8 basis points year-over-year, outperforming the national benchmark by 9 basis points.

Growth momentum diverged sharply with loan growth decelerating to -1.27% from -0.56% in Q2 2025, falling 1.47 percentage points below the national benchmark. Conversely, deposit growth accelerated to 1.93% from 1.63% quarterly, while asset growth remained stable at 1.59%, down 95 basis points from national levels.

Risk indicators worsened with delinquencies increasing to 1.08%, up 15 basis points from Q2 2025 and 10 basis points from Q3 2024, positioning 23 basis points above national levels. Net worth strengthened to 13.65%, rising 17 basis points quarterly and 53 basis points annually, nearly matching the national benchmark.

Portfolio composition shifted toward safer assets with certificate concentrations rising to 18.77%, up 1.70 percentage points from Q2 2025 and 3.05 percentage points year-over-year. First mortgage exposure increased 1.54 percentage points annually to 21.29%, while indirect auto lending declined modestly to 9.67%, remaining above national levels.