ALEXANDRIA, VA (June 5, 2025) |
According to the latest financial performance data released today by the National Credit Union Administration (NCUA), total assets in federally insured credit unions rose by $60 billion, or 2.6 percent, over the year ending in the first quarter of 2025, to $2.37 trillion. During the same period, total loans outstanding increased $53 billion, or 3.3 percent, to $1.65 trillion.
Also, the net interest margin for federally insured credit unions was $75.6 billion at an annual rate through the first quarter of 2025, or 3.24 percent of average assets. That compares with $68.4 billion at an annual rate, or 3.00 percent of average assets, in the year to date through the first quarter of 2024.
The NCUA’s Quarterly Credit Union Data Summary Report(Opens new window) provides an overview of the financial performance of federally insured credit unions based on information reported to the agency in the first quarter of 2025. As of March 31, 2025, there were 4,411 federally insured credit unions with 143.2 million members.
Highlights for the first quarter of 2025 include:
- Total loans outstanding increased $52.8 billion, or 3.3 percent, over the year to $1.65 trillion. The average outstanding loan balance in the first quarter of 2025 was $18,659, up $598, or 3.3 percent, from one year earlier. Growth across major lending categories was mixed in the first quarter of 2025.
- Total shares and deposits grew by $86.1 billion, or 4.5 percent, over the year to $2.02 trillion in the first quarter of 2025. Regular shares increased by $1.7 billion, or 0.3 percent, to $575.8 billion. Other deposits grew by $68.0 billion, or 6.9 percent, to $1.05 trillion, led by share certificate accounts, which grew $53.2 billion, or 10.3 percent, over the year to $571.0 billion.
- Net income for federally insured credit unions in the year to date through the first quarter of 2025 totaled $15.7 billion at an annual rate, up $0.7 billion, or 4.6 percent, from the same period in 2024. Interest income rose $8.1 billion, or 7.3 percent, to $118.5 billion at an annual rate. Non-interest income declined by $2.0 billion, or 7.4 percent, to $24.6 billion at an annual rate, largely reflecting a decrease in other non-interest income.
- The credit union system’s net worth increased by $14.5 billion, or 5.9 percent, over the year to $259.3 billion. The aggregate net worth ratio — net worth as a percentage of assets — stood at 10.95 percent in the first quarter of 2025, up from 10.61 percent one year earlier.
The NCUA makes credit union system performance data available online in the Credit Union Analysis section of NCUA.gov. The analysis section includes quarterly data summaries as well as detailed financial information, a graphics package illustrating financial trends in federally insured credit unions, and a spreadsheet listing(Opens new window) all federally insured credit unions as of March 31, 2025, including key metrics.