The National Credit Union Administration (NCUA) has released its financial performance data for the first quarter of 2025, showing an increase in total assets and loans outstanding for federally insured credit unions. According to the report, total assets rose by $60 billion, or 2.6 percent, reaching $2.37 trillion by the end of March 2025. In the same period, total loans outstanding increased by $53 billion, or 3.3 percent, totaling $1.65 trillion.
The net interest margin for these credit unions was reported at $75.6 billion on an annual rate through the first quarter of 2025, equating to 3.24 percent of average assets. This is a rise from $68.4 billion at an annual rate or 3.00 percent of average assets in the same period last year.
The NCUA’s Quarterly Credit Union Data Summary Report offers insights into the financial status of federally insured credit unions based on data submitted to the agency during this period. As of March 31, there were 4,411 such credit unions with a membership base totaling 143.2 million individuals.
Key highlights from this quarter include:
- Total loans outstanding saw an increase of $52.8 billion or 3.3 percent over the year.
- The average loan balance reached $18,659 in Q1 2025.
- Shares and deposits grew by $86.1 billion or 4.5 percent to reach $2.02 trillion.
- Regular shares saw a modest rise while other deposits increased significantly due to share certificate accounts growing by over ten percent.
- Net income for these institutions stood at $15.7 billion annually, marking a growth compared to last year.
- Interest income rose significantly while non-interest income saw a decline mainly due to reduced other non-interest income sources.
- The system's net worth improved by nearly six percent over the year.
These figures are part of detailed financial information available online via NCUA’s Credit Union Analysis section on their website.
The NCUA functions as an independent federal agency established by Congress to oversee federal credit unions' regulation and supervision while managing insurance funds that protect depositors’ accounts across both federal and most state-chartered credit unions.