Titans Credit Unions

Member growth at Titans CUs remained robust at 2.96% in Q2 2026, essentially stable quarter-over-quarter (up just 0.05 pp from 2.96% in Q1 2026) but notably decelerated from 3.89% in Q2 2025 — a 0.93 pp year-over-year pullback worth monitoring. This marks nine consecutive quarters of positive member growth since Q2 2024, a striking contrast to the national contraction of -0.69%. Internally, 76.0% of Titans CUs are growing membership, while 24.0% are declining, indicating that the cohort average masks meaningful divergence across institutions.

Profitability strengthened materially across Q2 2026. ROA increased to 1.03% from 0.90% in Q1 2026 and from 0.71% in Q2 2025, now sitting 14 basis points above the national benchmark of 0.89%. All 25 Titans CUs — 100% of the cohort — are profitable, with ROA ranging from 0.28% to 2.28%. NIM increased to 3.25% from 3.20% in Q1 2026 and from 3.08% in Q2 2025, though it remains 49 basis points below the national 3.74%. The efficiency ratio improved sharply, falling 2.31 pp to 61.57% from 63.88% in Q1 2026, and sits 16.50 pp below the national 78.06%.

Asset growth accelerated to 6.55% in Q2 2026 from 6.40% in Q1 2026 and from 4.53% in Q2 2025 — a 2.02 pp year-over-year acceleration — marking nine consecutive quarters of positive growth since Q2 2024 and running 3.92 pp above the national rate of 2.63%. Loan growth also accelerated quarter-over-quarter to 5.80% from 5.67% in Q1 2026, though it decelerated marginally by 0.08 pp from 5.88% in Q2 2025. Loan growth has been positive for five consecutive quarters since Q2 2025. Notably, 92.0% of Titans CUs are growing assets and 84.0% are growing loans, underscoring broad-based expansion.

The risk profile presents a mixed picture in Q2 2026. Delinquency increased 0.11 pp quarter-over-quarter to 1.02% from 0.91% in Q1 2026, though it is essentially stable year-over-year versus 1.05% in Q2 2025 (down just 0.03 pp). At 1.02%, delinquency sits 15 basis points above the national benchmark of 0.88%, with individual CU rates ranging from 0.24% to 2.38%. On the positive side, charge-offs decreased 0.05 pp to 0.80% from 0.85% in Q1 2026, though they remain 42 basis points above the national 0.38%. Net worth increased to 11.27% from 11.00% in Q1 2026 and from 10.12% in Q2 2025, though it trails the national 13.81% by 2.54 pp.

Titans CUs carry a distinctly mortgage-heavy, certificate-funded balance sheet relative to national norms. First mortgage concentration stood at 41.64% in Q2 2026, up 0.19 pp from 41.45% in Q2 2025, nearly double the national 22.22%. Indirect auto exposure rose 0.51 pp year-over-year to 14.97%, compared to the national 7.71%, amplifying credit risk sensitivity. Share certificate concentration declined 1.22 pp year-over-year to 30.19% from 31.42% in Q2 2025, remaining well above the national 20.02%, though the modest QoQ stability (down just 0.01 pp from Q1 2026) suggests the shift is gradual.