Q2 2025 Call Report: Lending Growth and Member Value Lead Michigan CU Performance
The National Credit Union Administration’s (NCUA) Q2 2025 data shows that Michigan credit unions continue to maintain steady growth and financial strength in a challenging economic environment. With sustained gains in membership and lending, Michigan credit unions are proving their ongoing commitment to member-focused service and financial well-being.
Membership in Michigan credit unions reached 6.06 million in Q2 2025, an increase of 0.3% year-over-year. This is nearly parallel to the national membership growth rate of 0.5%. Loan portfolios grew by 5.8% over the past 12 months, well ahead of the national growth rate of 3.9%.
According to America’s Credit Unions, Michigan credit unions returned an estimated $1.96 billion in direct financial benefits to their members year-to-date in 2025. These benefits come from higher savings yields, lower loan rates and fewer fees than traditional banks.
“Strong lending and meaningful member value continue to stand out in this quarter’s data,” said MCUL President/CEO Patty Corkery. “It’s encouraging to see how credit unions are showing up for members when they need it. And while membership growth remains modest — and consistent with the national trend — it’s a good reminder that we need to keep working toward expanded awareness so more Michiganders can experience the credit union difference."
Find the complete NCUA Q2 2025 Call Report here.
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