Large Credit Unions

Member engagement strengthened with growth accelerating to 2.97% in Q3 from 2.78% in Q2, though moderating from 3.55% a year ago. This 2.97% expansion significantly outperforms the national decline of -0.61%, demonstrating large credit unions' competitive advantage in member acquisition and retention strategies.

Profitability improved substantially with ROA rising to 0.91% from 0.82% last quarter and 0.77% year-over-year. NIM remained stable at 2.95%, up from 2.91% quarter-over-quarter and 2.74% year-over-year, though trailing the national 3.72% benchmark by 77 basis points.

Growth momentum accelerated across all metrics quarter-over-quarter, with loan growth reaching 4.99% from 4.84% and deposit growth at 6.42% from 6.20%. Year-over-year, loan growth accelerated from 3.85% while asset growth decelerated from 5.31% to 4.60%, all significantly outpacing national benchmarks.

Risk metrics remained stable with delinquencies at 0.65%, essentially unchanged from 0.64% last quarter and 0.62% year-over-year. Net worth strengthened to 11.62% from 11.35% quarter-over-quarter and 11.09% year-over-year, though remaining 2.06 percentage points below the national 13.68% benchmark.

Portfolio composition shows continued diversification with indirect auto lending decreasing to 16.60% from 17.41% last quarter and 18.51% year-over-year. First mortgage concentration at 38.16% and certificate deposits at 28.87% both remain well above national benchmarks, reflecting large credit unions' competitive positioning.