Peer Data for New England Credit Unions — First Quarter Report, 2025

The data includes several key credit quality, performance, liquidity, and capital adequacy ratios. We then break out certain ratios that we consider important in determining the financial performance and long-term viability of credit unions.

These key ratios are:

• Return on assets.
• Yield on loans less cost of funds.
• Ratio of operating expenses to gross income.
• Loans to shares.

From there, we rank the credit unions across each of these key ratios and total assets and determine an overall ranking based on the average of all these ratios.

On the “all New England” tab, we have included comparable ratios for all credit unions in the U.S. and comparable prior period ratios for New England credit unions.

Some quick observations on the results are as follows:

Performance

ROA for all U.S. credit unions was 67 basis points, nearly identical to the prior quarter. ROA for New England, which is typically less than the national average, decreased 23 basis points from Q4 2024 to 47 basis points for Q1 2025. 

Credit Quality

The credit quality landscape for New England credit unions has remained consistent since last quarter. New England delinquent loans to total loans decreased 15 basis points to .80%, while this ratio for the U.S. decreased 19 basis points over the past quarter to .79%. Chargeoff rates in Q1 2025 in New England were slightly up at .31%. All U.S. credit unions had a slight increase in annualized charge-off rate of .82%. These ratios have been consistent since the beginning of 2024. 

Capital and Liquidity

The loans-to-shares ratio for New England Credit Unions was 69% in Q1 2025, which is slightly down from the prior two quarters. On a national level, where the ratio has been significantly higher, the ratio of loans to shares was 82% for Q4 2024, down from 84% the prior quarter. Capital ratios have also remained in a tight range for the last two years, with all U.S. credit unions having a capital ratio of 11.1%, and New England credit unions with 13.0%.

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