Wisconsin Credit Unions

Member growth for Wisconsin credit unions is effectively flat at -0.15% in 2026-Q1, stable quarter-over-quarter from -0.11% in 2025-Q4 — a negligible shift of -0.04 pp. However, the year-over-year picture is more sobering: growth decelerated sharply by 2.14 pp from 1.99% in 2025-Q1, signaling a meaningful reversal in membership momentum. Despite this deceleration, Wisconsin CUs still outperform the national benchmark of -0.65% by 50 basis points, suggesting the cohort retains a relative engagement edge even as organic member acquisition has stalled.

Profitability delivered a mixed picture in 2026-Q1. ROA decreased to 0.79% from 0.91% in 2025-Q4 — a 0.12 pp quarterly decline — though it remains stable versus 0.79% in 2025-Q1 and sits 12 bps above the national 0.67%. NIM held essentially stable at 3.67%, down just 0.03 pp from 3.70% in 2025-Q4, while rising 0.07 pp year-over-year from 3.60% in 2025-Q1, landing 3 bps below the national 3.70%. Fee income per member decreased slightly QoQ to 121.31% from 121.72% in 2025-Q4 but surged 11.39 pp above 2025-Q1's 108.90%, exceeding the national benchmark of 116.17% by 5.13 pp.

Growth momentum is a clear strength for Wisconsin credit unions in 2026-Q1. Asset growth held stable QoQ at 4.49% versus 4.47% in 2025-Q4 — a negligible 0.02 pp change — while accelerating 0.98 pp year-over-year from 3.52% in 2025-Q1, running 1.85 pp ahead of the national 2.64%. Loan growth accelerated to 3.71% in 2026-Q1 from 3.18% in 2025-Q4, a 0.53 pp quarterly gain, and stands 3.40 pp above the national 0.31%. The cohort's sustained expansion in both assets and loans positions it competitively, though the pace of balance sheet growth warrants continued capital vigilance.

Wisconsin credit unions' risk profile improved modestly in 2026-Q1. Delinquency decreased to 0.54% from 0.62% in 2025-Q4 — an 8 bp quarterly improvement — and remains stable versus 0.53% in 2025-Q1, just 0.01 pp higher year-over-year. At 0.54%, Wisconsin CUs sit 24 bps below the national 0.78%, reflecting disciplined credit quality. Net worth, however, decreased to 12.52% from 12.83% in 2025-Q4, a 0.31 pp quarterly decline, though it increased 0.07 pp from 12.45% in 2025-Q1. At 12.52%, net worth trails the national 13.61% by 1.10 pp, a gap that merits attention given accelerating balance sheet growth.

Portfolio concentration trends in 2026-Q1 reveal a deepening commitment to real estate and term deposits. First mortgage concentration rose to 38.28%, up 1.42 pp from 36.86% in 2025-Q1, and stands dramatically above the national 22.15% — a 16.13 pp gap. Indirect auto edged up 0.38 pp YoY to 8.01%, slightly above the national 7.73%. On the funding side, share certificate concentration increased to 21.60% from 20.55% in 2025-Q1 — a 1.05 pp YoY rise — and from 21.47% in 2025-Q4 QoQ, now 1.80 pp above the national 19.80%. Rising certificate reliance alongside mortgage-heavy lending warrants attention to interest rate sensitivity.