Vermont Credit Unions

Member engagement improved markedly with growth accelerating 2.77 percentage points quarter-over-quarter to 1.52% in Q3 2025, recovering from negative territory. This performance significantly outpaces the national decline of -0.61%, indicating Vermont credit unions are successfully attracting and retaining members despite industry headwinds.

Profitability strengthened across both timeframes, with ROA increasing to 0.81% from 0.62% in Q2 2025 and 0.71% year-over-year. NIM remained stable at 4.15% quarter-over-quarter and year-over-year, maintaining a substantial 43 basis point advantage over the national 3.72%, reflecting strong pricing discipline.

Growth accelerated dramatically with loan growth surging from -0.72% to 4.83% quarter-over-quarter, vastly outperforming national growth of 0.20%. Asset growth accelerated to 3.16% from 1.97% quarterly, while deposit growth accelerated to 3.40% from 1.64%, both exceeding national benchmarks by significant margins.

Risk metrics improved on both timeframes with delinquencies decreasing to 1.07% from 1.22% quarterly and 1.20% year-over-year. Net worth remained stable at 11.36% quarter-over-quarter and increased 0.24 percentage points annually, though still 2.32 percentage points below the national 13.68%.

Portfolio composition shifted significantly with first mortgage concentration decreasing 6.35 percentage points quarterly to 31.59%, well above national 21.76%. Indirect auto lending remained below national levels at 4.87%. Certificate concentration at 22.67% exceeded national 19.60%, reflecting conservative funding strategies amid rate environment changes.