2025

FINANCIAL HIGHLIGHTS

FINANCIAL SOUNDNESS

12.2% NET CAPITAL RATIO

Our financial soundness continues to be excellent. Our 2025 net capital ratio of 12.2% was well above the 7% regulatory threshold for “well-capitalized” as defined by our regulators. The Credit Union’s asset quality, as measured by delinquency and charge-off ratios, also continues to be strong.

ASSETS

AMONG TOP 2% OF CREDIT UNIONS BY ASSET SIZE*

We continue to be one of the largest credit unions in the country. Total assets were $5.1 billion at December 31, 2025.

*Source: Callahan and Associates data as of September 30, 2025.

DEPOSITS

UP 5.5% IN DEPOSITS

Deposits grew 5.5% in 2025, resulting in another strong year of growth. Channeling our philosophy of giving back to members, we continued to offer highly competitive rates and certificate specials throughout the year.

2025 FINANCIAL STATEMENTS*

STATEMENT OF FINANCIAL CONDITION (at December 31) (In Thousands of Dollars)

ASSETS
2025
2024
Loans
Mortgages
$ 3,325,725
$ 3,178,587
Other secured loans
712,984
799,318
Unsecured loans
85,056
80,981
Loans
4,123,765
4,058,886
Net deferred loan fees
(46,869)
(59,527)
Allowance for credit losses on loans
(64,398)
(63,861)
Net Loans
4,012,498
3,935,498
Cash and investments
987,624
855,403
Other assets
101,823
116,491
Total Assets
$ 5,101,945
$ 4,907,392
LIABILITIES AND MEMBERS' EQUITY
Members' Shares
Savings
$ 233,247
$ 252,667
Checking
379,199
347,388
Share certificates
1,699,046
1,727,897
MarketEdge
2,107,003
1,860,975
Total Members' Shares
4,418,495
4,188,927
Other Liabilities
60,520
79,054
Total Liabilities
4,479,015
4,267,981
Members' Equity
Reserves and undivided earnings
620,533
638,397
Unrealized gain on securities
2,397
1,014
Total Members' Equity
622,930
639,411
Total Liabilities and Members' Equity
$ 5,101,945
$ 4,907,392

STATEMENT OF OPERATIONS (for Year Ending December 31)

2025
2024
Interest Income
Interest on loans to members
$ 172,748
$ 165,384
Income from investments and cash equivalents
40,382
34,734
Total Interest Income
213,130
200,118
Interest Expense
Dividends paid on members' shares
141,575
151,689
Derivative interest (income) expense
(10,933)
(19,599)
Total Interest Expense
130,642
132,090
Net Interest Income
82,488
68,028
Provision for credit losses on loans
9,978
2,655
Net Interest Income after provision for credit losses on loans
72,510
65,373
Non-interest income
10,409
10,496
Non-interest expense
78,738
78,068
Core net income (loss)
4,181
(2,199)
Change in Fair Value of Derivatives Income (Expense)
(22,045)
811
Gain (Loss) on Sale of Equity Securities
0
33,596
Net income (loss)
$ (17,864)
$ 32,208

*This information has been derived from the Credit Union's annual audited financial statements.

The complete audited financial statements are available upon request.

READ THE SUPERVISORY COMMITTEE REPORT >