Wisconsin Credit Unions

Member engagement showed mixed signals in Q4 2024. Growth accelerated to -0.11% from -0.27% quarter-over-quarter, indicating improving quarterly trends, but decelerated dramatically from 2.19% year-over-year, reflecting significant membership headwinds. The -0.11% rate remains 59 basis points above the national -0.69%, suggesting relative resilience in Wisconsin's competitive landscape.

Profitability metrics remained solid in Q4 2024. ROA held stable at 0.91% quarter-over-quarter with minimal 1 basis point improvement, while increasing substantially from 0.78% year-over-year. NIM stayed stable at 3.70% quarterly with a minor 2 basis point decline, but rose from 3.53% annually. Both metrics exceed national benchmarks, indicating strong earnings capacity.

Growth momentum accelerated across all major categories in Q4 2024. Asset growth accelerated to 4.47% from 3.71% quarter-over-quarter and from 3.27% year-over-year. Loan growth accelerated to 3.18% from 2.39% quarterly, while deposit growth accelerated to 3.75% from 3.08% quarterly, both substantially outperforming national rates and demonstrating strong balance sheet expansion.

Risk metrics remained well-controlled in Q4 2024. Delinquency rates stayed stable at 0.62% with minimal 2 basis point increase quarter-over-quarter, and increased modestly by 6 basis points year-over-year from 0.56%. Net worth strengthened to 12.83% from 12.75% quarterly and 12.66% annually, maintaining adequate capitalization despite sitting 85 basis points below national levels.

Portfolio composition shifted toward traditional lending in Q4 2024. First mortgage concentration increased to 37.66% with 0.39 percentage point annual growth, significantly exceeding the national 21.97%. Certificate deposits rose to 21.47% with 1.05 percentage point annual increase and 0.39 percentage point quarterly growth. Indirect auto lending reached 8.01%, up 0.23 percentage points annually, slightly above national benchmarks.