Titans Credit Unions

Member growth decelerated to 3.59% from 3.89% quarter-over-quarter and 4.45% year-over-year, indicating some cooling in membership expansion. Despite this moderation, the cohort maintains exceptionally strong member acquisition, running 4.20 percentage points above the national benchmark of -0.61%, demonstrating continued market appeal.

Profitability strengthened across key metrics, with ROA increasing to 0.76% from 0.71% QoQ and 0.65% YoY. Efficiency ratios improved significantly, decreasing to 64.29% from 65.64% QoQ and 67.14% YoY. NIM remained stable at 3.11% QoQ but increased substantially from 2.81% YoY, though still trailing national levels by 62 basis points.

Growth momentum remained strong with loan growth accelerating to 6.37% from 5.88% QoQ and 2.11% YoY. Deposit growth also accelerated to 6.48% from 6.25% QoQ and 4.17% YoY. Asset growth decelerated slightly to 4.36% from 4.53% QoQ but accelerated from 3.15% YoY, maintaining robust expansion well above national benchmarks.

Risk metrics showed mixed signals as delinquencies increased to 1.18% from 1.05% QoQ and 1.08% YoY, rising 33 basis points above national levels. Net worth ratios improved modestly to 10.22% from 10.12% QoQ and 10.16% YoY, though remain 3.46 percentage points below national benchmarks, indicating ongoing capital pressure.

Portfolio composition shifted toward real estate concentration with first mortgages reaching 41.28%, up 1.94 percentage points YoY and significantly above the national 21.76%. Certificate concentrations increased to 31.91% from 31.28% YoY, while indirect auto lending decreased 8.90 percentage points YoY to 14.25%, reflecting strategic portfolio rebalancing.