Ontario Credit Unions grow assets again in Q4
FSRA's Q4 2025-26 Sector Outlook Report, which is a snapshot in time, showed Ontario’s Credit Unions continued growing assets during a period of global economic volatility and uncertainty while maintaining strong profitability.
Q4 Highlights include:
- total sector assets reached $104.52 billion, reflecting a year-over-year increase of $4.90 billion or 4.92%
- in terms of profitability, Return on Average Assets (ROAA) increased by 6 basis points to 27 basis points year-over-year due to the drop in interest expense on deposits
- Q4 ROAA was 4 basis points lower than Q3. Reductions in loan interest and investment income, 4 and 7 bps respectively, was offset by a 6 bps reduction in interest expense on deposits
- year-over-year, residential mortgage loans grew by $2.81 billion or 5.15% remaining near historical growth rates, while commercial loans increased by $1.25 billion or 4.73%
- borrowings have decreased 14.57% year-over-year, indicating that credit unions are actively paying down existing commitments
- the total over 30-day loan delinquency rate stood at 1.52%, an increase of 45 basis points year-over-year and 19 basis points from the previous quarter
FSRA publishes Sector Outlook reports for the Credit Union sector every quarter. They provide an analysis and commentary on the economy and financial results in Ontario’s Credit Union sector.
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FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.
Learn more at www.fsrao.ca.
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