The Financial Services Regulatory Authority of Ontario published its Q4 2024-25 Sector Outlook report for Ontario’s credit union sector, showing total assets increased to $99.61 billion as of December 31, 2024 and setting out key quarterly trends in lending, profitability and credit quality. Year over year, residential mortgage loans grew by $551.84 million (1.02%), remaining below historical growth rates as housing prices and transaction volumes stayed subdued, while commercial loans increased by $1.42 billion (5.66%) and cash and investments rose by $1 billion (9.44%). Profitability, measured by return on average assets, was 24 basis points in 4Q 2024, up 3 basis points from Q3 2024, mainly reflecting a 4 basis point decline in interest paid to depositors; year over year, higher loan yields and investment income were offset by increased interest expense on deposits in the last quarter of 2024. The over 30-day residential mortgage delinquency rate was 0.87% in 4Q 2024, up 31 basis points year over year and 15 basis points from the prior quarter, with residential mortgages totalling $54.65 billion (54.86% of sector assets). FSRA noted that it publishes credit union Sector Outlook reports each quarter.
Financial Services Regulatory Authority of Ontario 2025-07-03
Financial Services Regulatory Authority of Ontario reports Ontario credit union assets rose to $99.61 billion in Q4 2024
The Financial Services Regulatory Authority of Ontario released its Q4 2024-25 Sector Outlook report, highlighting a rise in total assets to $99.61 billion for Ontario's credit union sector. Residential mortgage loans grew by 1.02% year over year, while commercial loans and cash investments increased by 5.66% and 9.44%, respectively. Profitability improved slightly, with a return on average assets of 24 basis points, despite a rise in residential mortgage delinquency rates to 0.87%.