Credit unions saw their loans outstanding rise by 4.6% (to $1.73 trillion) at the end of the first quarter of this year over the same point a year ago – but also saw the ratio of total loans to savings (shares) fall slightly, according to first quarter ’26 figures made public by the federal regulator Tuesday.
The National Credit Union Administration (NCUA) said first quarter data for federally insured credit unions showed a growing, if slowly, credit union industry. Assets were up from the same point a year ago by 4.9% (to $2.48 trillion). Although the loan-to-share fell slightly from 81.8% the year before to 81.5% over the year ending March 31, net income showed robust growth. It rose 30.4%, the NCUA numbers show, to $20.4 billion, up $4.8 billion at the end of the first quarter ’25.
Insured shares and deposits (savings) rose by 4.2% to $1.91 trillion.
Return on average assets, the numbers show, was 83bp at the end of the quarter, up from 67bp the year before.
However, the loan delinquency rate at credit unions was 85bp, up 5bp from the same period the year before. The charge-off ratio, NCUA said, was down slightly to 81bp, down from 83bp the year before.
The number of federally insured credit unions was 4,250 (down from 4,411 the year before); the credit unions counted 145.8 million memberships, a 1.74% increase from a year before.
NCUA Releases First Quarter 2026 Credit Union System Performance Data
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