The National Credit Union Administration released its quarterly credit union data summary for 2025 Q4 earlier this month, followed up with its state-level report last week.

Per the report, net income for federally insured credit unions rose from $14.3 billion in 2024 to $18.8 billion in 2025. This represents a 31.5 percent increase in net income. The primary reason for the increase was from interest income, which rose $8.4 billion, while non-interest income rose just $0.2 billion. $18.8 billion is below the peak in 2021, when credit unions reported $20.8 billion in net income.

Though loans outstanding grew in 2025 by 4.6 percent, the loan to share ratio dropped to 83.2 percent from 84.0 percent at the end of 2024.

Overall membership also grew, with federally insured credit unions adding 2.4 million members, reaching 144.7 million in the fourth quarter of 2025. However, most of the growth is happening among the largest credit unions, as NCUA also reported that at the median credit union, membership declined by 0.5 percent.

As has been the trend for many years, the number of federally insured credit unions is in decline, down to 4,287 by year-end 2025, from 4,455 in 2024. For the full quarterly report and the state breakdown, visit the NCUA website.

Eight round of deregulation proposals released

NCUA has also announced the eight round of its deregulation proposals, two weeks after the seventh round was released.

The eight round includes removing limits which NCUA qualifies as “overly burdensome requirements” on credit unions. Specifically, removing limits on “federally insured credit unions’ ability to purchase or participate in indirect auto loans serviced by a third party.”

The changes would grant credit unions more authority in determining their risk tolerance with respect to the amount of indirect vehicle loans purchased.