NCUA Q1 2025 Call Report Data: Strong Lending Reflects Credit Unions’ Continued Commitment to Members
The National Credit Union Administration’s (NCUA) Q1 2025 data shows that Michigan credit unions started the year in a strong position, with steady growth in key areas. Even with some economic uncertainty and rising credit risk, credit unions are staying financially healthy and paying close attention to how members are managing their money.
Membership in Michigan credit unions reached 6.07 million in Q1 2025, up 0.8% over the past 12 months. While slightly behind the national rate of 2.0%, this reflects consistent member trust and relationship-building despite competitive pressures. Loan portfolios grew by 4.7% year-over-year, outpacing the national average of 3.2% — driven by strength in real estate and commercial lending, even as consumer and auto loans saw slower growth.
America’s Credit Unions’ (ACU) national forecast also projects modest but improving growth through 2026, supported by resilient consumer sentiment, stronger-than-expected home sales and stabilizing loan performance.
According to ACU, Michigan credit unions have returned an estimated $1.7 billion in direct financial benefits to members, year to date, including better rates, lower fees and higher dividends compared to banks.
“Michigan’s credit unions remain strong and steady, even as the economy becomes harder to predict,” said MCUL President/CEO Patty Corkery. “What’s especially encouraging is that our loan growth reflects real support for Michigan residents. Credit unions are continuing to meet the needs of everyday people and small businesses — those who often rely most on accessible and trustworthy financial services.”
Find the complete NCUA Q1 2025 Call Report here.
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