Washington's 76 credit unions demonstrated mixed performance in Q3 2025, with loan growth accelerating dramatically from -0.63% to 0.66% quarter-over-quarter while member growth decelerated to -0.23%. Profitability remained stable with ROA at 0.63%, up 6 basis points year-over-year, and NIM strengthening to 3.71% from 3.55% a year ago. However, delinquencies increased to 0.89% from 0.80% last quarter, signaling emerging credit pressures despite strong fee income performance at 162.67%.
Washington Credit Unions
WA Credit Unions
2025-Q3
76 Credit Unions
WA Credit Unions Show Resilient Growth Despite Member Headwinds, Profitability Gains Offset by Rising Delinquencies
Key Insights
Year-over-Year Changes
Indirect Auto Concentration (%) (Absolute)
▼
2024-Q3
→
2025-Q3
18.66% → 17.09%
(-8.43%)
Fee Income Per Member (Absolute)
▲
2024-Q3
→
2025-Q3
154.55% → 162.67%
(+5.25%)
Net Interest Margin (NIM) (Absolute)
▲
2024-Q3
→
2025-Q3
3.55% → 3.71%
(+0.17%)
Share Certificate Concentration (%) (Absolute)
▲
2024-Q3
→
2025-Q3
21.72% → 22.26%
(+2.48%)
First Mortgage Concentration (%) (Absolute)
▼
2024-Q3
→
2025-Q3
23.61% → 23.58%
(-0.13%)
Quarter-over-Quarter Changes
Asset Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
2.15% → 2.27%
(+0.12%)
Deposit Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
2.18% → 2.30%
(+0.12%)
Indirect Auto Concentration (%) (Absolute)
▼
2025-Q2
→
2025-Q3
17.69% → 17.09%
(-3.39%)
Loan Growth (YoY) (Absolute)
▲
2025-Q2
→
2025-Q3
-0.63% → 0.66%
(+1.30%)
Member Growth (YoY) (Absolute)
▼
2025-Q2
→
2025-Q3
0.04% → -0.23%
(-0.26%)
Key Metrics
Return on Assets
0.63%
▲ YoY15 basis points below national
Net Interest Margin
3.71%
▲ YoY1 basis points below national
Asset Growth
2.27%
— YoYMember Growth
-0.23%
Delinquency Rate
0.89%
— YoYNet Worth Ratio
12.81%
AMR Growth
2.28%
Insufficient historical data for trend visualization
Deposit Growth
2.30%
— YoY
Insufficient historical data for trend visualization
Loan Growth
0.66%
— YoYMember Engagement
Member Growth (YoY %)
Member engagement weakened as growth decelerated from 0.04% in Q2 2025 to -0.23% in Q3 2025, though this remained 38 basis points above the national decline of -0.61%. Year-over-year member growth of -0.23% compared to 0.13% in Q3 2024 reflects challenging retention dynamics.
Profitability
Return on Assets (%)
Net Interest Margin (%)
Profitability showed steady improvement with ROA stable at 0.63%, up from 0.60% last quarter and 0.58% a year ago. NIM strengthened to 3.71% from 3.67% quarter-over-quarter and 3.55% year-over-year. Fee income surged to 162.67%, up from 155.28% last quarter and 154.55% a year ago.
Growth
Asset Growth (YoY %)
Member Growth (YoY %)
Growth momentum accelerated across key metrics in Q3 2025. Loan growth surged from -0.63% to 0.66% quarter-over-quarter, while asset growth accelerated from 2.15% to 2.27% and deposit growth from 2.18% to 2.30%, all showing strong quarterly improvement despite trailing some national benchmarks.
Risk & Credit Quality
Delinquency Rate (%)
Net Worth Ratio (%)
Risk metrics presented mixed signals as delinquencies increased to 0.89% from 0.80% last quarter, though remained stable year-over-year at 0.86%. Net worth strengthened to 12.81% from 12.74% quarter-over-quarter and 12.52% year-over-year, providing solid capital cushion despite elevated delinquency trends.
Portfolio Mix
First Mortgage (%)
Indirect Auto (%)
Share Certificates (%)
Portfolio composition shifted meaningfully with indirect auto concentration decreasing from 17.69% to 17.09% quarter-over-quarter and from 18.66% year-over-year. Certificate concentration increased to 22.26% from 21.72% a year ago, while first mortgage holdings remained stable at 23.58%, well above national averages.
Strategic Implications
- • Member acquisition strategies need immediate attention as growth turns negative despite outperforming national trends
- • Rising delinquencies warrant enhanced credit monitoring and collection processes to prevent further deterioration
- • Strong fee income growth of 5.25 percentage points year-over-year suggests successful diversification efforts
- • Indirect auto portfolio reduction may signal strategic shift toward lower-risk lending segments
- • Net worth strengthening provides capacity for strategic investments despite emerging credit pressures
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Notable Patterns
How This Cohort Compares to National
Assets Per Member (annual) is 164.3pp above national
Loan To Member Ratio (Annual) is 77.9pp above national
Loan To Member Ratio (Quarterly) is 72.2pp above national
Fee Income Per Member is 40.6pp above national
Indirect Auto Pct is 9.2pp above national
Data Quality Notes
2 metric(s) had extreme values filtered using MAD-based, z-score > 5.0.
Asset Growth (YoY) (Absolute)
2 CU(s) excluded
Raw average: 3.07% →
Cleaned average: 2.27%
View excluded credit unions
- HARBORSTONE (66399) - 37.58%
- HAPO COMMUNITY (68239) - 27.27%
Deposit Growth (YoY) (Absolute)
2 CU(s) excluded
Raw average: 3.07% →
Cleaned average: 2.30%
View excluded credit unions
- HAPO COMMUNITY (68239) - 32.01%
- HARBORSTONE (66399) - 31.46%