The Financial Services Regulatory Authority of Ontario’s first-quarter 2026-27 sector outlook found that Ontario credit unions continued to expand assets and improve profitability amid global economic uncertainty. Total assets rose 4.70% year over year to CAD 105.04 billion, while return on average assets increased 19 basis points to 47 basis points as declining deposit interest expenses outpaced lower loan interest income. Residential mortgage loans grew 4.46% year over year to add CAD 2.45 billion, while commercial lending increased 0.79%, or CAD 216.22 million. Borrowings fell 31.85%, but the total delinquency rate for loans more than 30 days past due rose 54 basis points year over year and 14 basis points from the previous quarter to 1.66%. The second-quarter report, expected in the fall, will include additional content derived from credit unions’ submissions under the Enhanced Data Collection initiative.
2026-08-26Financial Services Regulatory Authority of Ontario
Financial Services Regulatory Authority of Ontario reports credit union asset and profit growth alongside higher loan delinquencies
Ontario credit union assets rose 4.70% year over year to CAD 105.04 billion, while return on average assets improved to 47 basis points. Borrowings declined sharply, but the over-30-day loan delinquency rate increased to 1.66%.