West Virginia Credit Unions

Member engagement remained under pressure in 2026-Q2, with WV credit unions posting a membership growth rate of -0.46% — marking six consecutive quarters of contraction since 2024-Q4. However, the trajectory is improving: the rate accelerated 6 bps from -0.52% in 2026-Q1 (QoQ), and improved dramatically from -1.69% in 2025-Q2 (YoY), a gain of 1.23 percentage points. Notably, the cohort's -0.46% rate now outperforms the national average of -0.69% by 23 basis points, suggesting WV credit unions are losing members more slowly than the broader industry.

Profitability strengthened in 2026-Q2, with ROA rising to 0.94% from 0.88% in 2026-Q1 — an increase of 6 bps QoQ — and holding essentially stable versus 0.92% in 2025-Q2, a gain of just 2 bps YoY. The cohort now sits 5 basis points above the national ROA of 0.89%. NIM was stable QoQ at 3.91%, edging down just 5 bps from 3.96% in 2026-Q1, but increased 9 bps from 3.83% in 2025-Q2, demonstrating solid year-over-year margin expansion. At 3.91%, NIM exceeds the national benchmark of 3.74% by 17 basis points.

Asset growth accelerated to 2.45% in 2026-Q2, up from 1.90% in 2026-Q1 (QoQ, +0.55 pp) and from 1.88% in 2025-Q2 (YoY, +0.58 pp), extending a positive streak now nine quarters long since 2024-Q2. The cohort trails the national asset growth rate of 2.63% by 17 basis points. Loan growth, while still negative at -2.28% for a fifth consecutive quarter, is accelerating in recovery: it improved 0.74 pp from -3.02% in 2026-Q1 and 1.84 pp from -4.12% in 2025-Q2, though it remains 2.50 percentage points below the national rate of 0.22%.

The risk profile sent mixed signals in 2026-Q2. Delinquency spiked sharply to 1.20% from 0.83% in 2026-Q1 — an increase of 0.37 pp QoQ — and sits 33 basis points above the national benchmark of 0.88%. On a year-over-year basis, however, delinquency improved, falling 0.21 pp from 1.41% in 2025-Q2. Net worth decreased modestly to 14.86% from 14.99% in 2026-Q1 (-0.13 pp QoQ), but increased 0.29 pp from 14.57% in 2025-Q2 (YoY), maintaining a substantial 1.05 percentage point cushion above the national net worth ratio of 13.81%.

WV credit unions continued to shift their portfolio composition in 2026-Q2. First mortgage concentration edged up to 13.08%, essentially stable from 13.12% in 2026-Q1 (-4 bps QoQ) but up 0.70 pp from 12.38% in 2025-Q2 (YoY) — still well below the national average of 22.22%. Indirect auto concentration fell to 1.94%, down 9 bps from 2.03% in 2026-Q1 and down 0.41 pp from 2.35% in 2025-Q2, far below the national 7.71%. Share certificate concentration rose to 16.83%, up 0.96 pp from 15.88% in 2026-Q1 and 1.19 pp from 15.64% in 2025-Q2, approaching but still below the national 20.02%.