NCUA’s Q3 2025 Data Shows Solid Loan Growth and Modest Membership Growth
NCUA’s Q3 2025 Call Report data shows Michigan credit unions remain strong in a changing economy. With solid loan growth and steady membership, the movement focused on delivering value and financial well-being for members.
Membership in Michigan credit unions reached 6.10 million as of Q3 2025, marking a 1.0% increase year-over-year. While below the national average of 2%, this growth rate is the highest in three years. Loan portfolios expanded by 6.8% over the past 12 months, significantly outpacing the national growth rate of 4.4%.
According to America’s Credit Unions, Michigan credit unions returned an estimated $2.0 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.
“This call report data is a reminder that progress and opportunity often go hand in hand,” said MCUL President/CEO Patty Corkery. “The year-over-year loan growth we saw in Q3 was the best we’ve seen in three years, but being behind the national average means we have room to grow. As we step into 2026, it’s time to double down on strategies that redefine how we tell the credit union story here in Michigan.”
Find the complete NCUA Q3 2025 Call Report here.
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