Net Interest Margin / Average Assets
net_interest_margin_to_avg_assets · percent · annualized
Since Q2 2019
All credit unions that filed in each quarter, as release v2026.2.27 publishes them.
Source: NCUA Call Report, through Q2 2026 · release v2026.2.27 · QuarterCall
Show the values
| Quarter | Ratio of sums | Median | 25th to 75th | Credit unions |
|---|---|---|---|---|
| Q2 2026 | 3.5% | 3.8% | 3.2% to 4.3% | 4,215 of 4,250 |
| Q1 2026 | 3.5% | 3.7% | 3.2% to 4.2% | 4,250 of 4,286 |
| Q4 2025 | 3.4% | 3.7% | 3.2% to 4.3% | 4,287 of 4,332 |
| Q3 2025 | 3.4% | 3.7% | 3.2% to 4.3% | 4,331 of 4,370 |
| Q2 2025 | 3.3% | 3.6% | 3.1% to 4.3% | 4,370 of 4,414 |
| Q1 2025 | 3.2% | 3.6% | 3.0% to 4.2% | 4,411 of 4,456 |
| Q4 2024 | 3.1% | 3.5% | 2.9% to 4.2% | 4,455 of 4,500 |
| Q3 2024 | 3.1% | 3.5% | 2.9% to 4.2% | 4,499 of 4,532 |
| Q2 2024 | 3.1% | 3.4% | 2.9% to 4.1% | 4,533 of 4,574 |
| Q1 2024 | 3.0% | 3.4% | 2.8% to 4.0% | 4,572 of 4,607 |
| Q4 2023 | 3.0% | 3.2% | 2.7% to 3.8% | 4,604 of 4,644 |
| Q3 2023 | 3.0% | 3.2% | 2.7% to 3.8% | 4,644 of 4,686 |
| Q2 2023 | 3.0% | 3.1% | 2.6% to 3.7% | 4,686 of 4,714 |
| Q1 2023 | 3.0% | 3.1% | 2.6% to 3.6% | 4,712 of 4,760 |
| Q4 2022 | 2.9% | 2.7% | 2.2% to 3.2% | 4,760 of 4,814 |
| Q3 2022 | 2.8% | 2.6% | 2.1% to 3.1% | 4,813 of 4,855 |
| Q2 2022 | 2.7% | 2.5% | 2.0% to 3.0% | 4,853 of 4,903 |
| Q1 2022 | 2.6% | 2.4% | 1.9% to 2.9% | 4,903 of 4,944 |
| Q4 2021 | 2.6% | 2.5% | 2.1% to 3.0% | 4,942 of 4,991 |
| Q3 2021 | 2.6% | 2.5% | 2.1% to 3.0% | 4,990 of 5,031 |
| Q2 2021 | 2.6% | 2.5% | 2.1% to 3.0% | 5,029 of 5,068 |
| Q1 2021 | 2.6% | 2.5% | 2.1% to 3.0% | 5,068 of 5,099 |
| Q4 2020 | 2.8% | 2.9% | 2.5% to 3.4% | 5,099 of 5,134 |
| Q3 2020 | 2.9% | 3.0% | 2.6% to 3.5% | 5,133 of 5,165 |
| Q2 2020 | 2.9% | 3.1% | 2.6% to 3.6% | 5,164 of 5,195 |
| Q1 2020 | 2.9% | 3.2% | 2.8% to 3.8% | 5,195 of 5,236 |
| Q4 2019 | — | — | — | 5,236 of 5,282 |
| Q3 2019 | — | — | — | 5,281 of 5,309 |
| Q2 2019 | — | — | — | 5,308 of 5,334 |
By peer group
Ratio of sums, Q2 2025 to Q2 2026. Credit unions are grouped by their assets in each quarter.
| All FICUs 4,215 of 4,250 | 3.5% 19‱ on Q2 2025 up | |
|---|---|---|
| <$10M 761 of 776 | 4.1% (6‱) on Q2 2025 down | |
| $10M–$50M 1,118 of 1,129 | 3.9% 5‱ on Q2 2025 up | |
| $50M–$100M 560 of 564 | 3.8% 8‱ on Q2 2025 up | |
| $100M–$500M 1,028 of 1,033 | 3.7% 17‱ on Q2 2025 up | |
| $500M–$1B 277 of 277 | 3.6% 18‱ on Q2 2025 up | |
| $1B–$10B 446 of 446 | 3.3% 19‱ on Q2 2025 up | |
| >$10B 25 of 25 | 3.8% 20‱ on Q2 2025 up |
Show the values
| Group | Q2 2026 Ratio of sums | Change on Q2 2025 |
|---|---|---|
| All FICUs | 3.5% | 19‱ |
| <$10M | 4.1% | (6‱) |
| $10M–$50M | 3.9% | 5‱ |
| $50M–$100M | 3.8% | 8‱ |
| $100M–$500M | 3.7% | 17‱ |
| $500M–$1B | 3.6% | 18‱ |
| $1B–$10B | 3.3% | 19‱ |
| >$10B | 3.8% | 20‱ |
| NCUA Peer 1: <$2M | Withheld · 226 of 234 | — |
| NCUA Peer 2: $2M–$10M | 4.1% | (6‱) |
| NCUA Peer 3: $10M–$50M | 3.9% | 5‱ |
| NCUA Peer 4: $50M–$100M | 3.8% | 8‱ |
| NCUA Peer 5: $100M–$500M | 3.7% | 17‱ |
| NCUA Peer 6: >$500M | 3.5% | 20‱ |
Changes are in basis points (‱) on the same quarter a year earlier; a figure in parentheses is negative. A dash is a quarter with no figure. “Withheld · n of N” is a group with n filers of the N expected, too few to publish.
Where credit unions sit, Q2 2026
Each credit union’s own ratio: the box holds the middle half, the whiskers run from the 10th to the 90th percentile. The ratio of sums weights each credit union by its denominator, so those with larger denominators count for more.
- 10th 2.7%
- 25th 3.2%
- Median 3.8%
- 75th 4.3%
- 90th 4.9%
- Ratio of sums 3.5%
Definition
- Numerator
net_interest_income- Denominator
(total_assets + total_assets@pye) / 2- For a group
- The ratio of sums: the members’ numerators summed, over their denominators summed. The median and percentiles beside it are of each member’s own ratio. A group with too few filers is withheld: no figure is published for it, only how many of its expected credit unions filed.
- NCUA
- NCUA's Financial Performance Report has computed this ratio the same way. How the engine compares them
- How to cite it
- QuarterCall Callseries, series
net_interest_margin_to_avg_assets, release v2026.2.27.
Each measure links to the accounts it is read from. @pye is the same figure a year earlier, at the prior year-end.
-- This ratio, all credit unions, every quarter of the release
SELECT quarter, ratio_of_sums, median, p25, p75,
n, expected_n, quorum_status
FROM read_parquet(
'https://series.quartercall.com/releases/v2026.2.27/peer-quarter.parquet'
)
WHERE peer_group = 'ALL'
AND measure = 'net_interest_margin_to_avg_assets'
ORDER BY quarter;Source: NCUA Call Report, free peer aggregates of release v2026.2.27, through Q2 2026, cut 2026-10-29.
QuarterCall publishes analysis of publicly available NCUA Call Report data. Nothing here is investment, financial, or membership advice.