Washington Credit Unions

Member engagement remained challenging with growth at -0.22% in Q4 2025, stable from -0.23% in Q3 but sharply down from positive 1.66% growth a year prior. However, WA credit unions significantly outperformed the national member decline of -0.69%, suggesting relative competitive strength despite broader industry headwinds.

Profitability metrics showed stable performance with ROA holding steady at 0.63% both quarter-over-quarter and up modestly 2 basis points year-over-year. Net interest margin strengthened to 3.73%, rising 2 basis points quarterly and 17 basis points annually to match the national benchmark, indicating effective rate management amid changing conditions.

Balance sheet growth accelerated across all major categories in Q4 2025. Asset growth jumped to 2.96% from 2.27% quarterly and surged from 0.09% annually. Loan growth accelerated to 1.03% from 0.66% quarterly, while deposit growth accelerated to 2.79% from 2.30% quarterly, both exceeding national benchmarks.

Risk metrics remained well-controlled with delinquencies stable at 0.85%, down 5 basis points quarterly and up just 3 basis points year-over-year, performing better than the national 0.90%. Net worth strengthened to 12.94%, rising 13 basis points quarterly and 32 basis points annually, though remaining below national levels.

Portfolio composition shifted toward residential lending with first mortgages reaching 24.10%, up 52 basis points quarterly and 48 basis points annually, exceeding the national 21.97%. Indirect auto lending declined to 16.76% from 18.13% annually, while certificate concentrations rose to 22.51%, both reflecting strategic repositioning.