The Financial Services Regulatory Authority of Ontario (FSRA) published its Q2 and Q3 2025-26 Sector Outlook Reports for Ontario credit unions, reporting continued asset growth and broadly stable profitability despite global economic volatility and uncertainty. By end-Q2 2025, total sector assets reached CAD 102.14 billion, up CAD 4.04 billion (4.12%) year over year, with profitability at 30 basis points, up 2 basis points from Q1, driven by lower deposit interest expense alongside declining interest income following rate cuts. Residential mortgage loans increased CAD 1.90 billion (3.48%) year over year and commercial loans rose CAD 1.69 billion (6.68%), while the over-30-day loan delinquency rate was 1.18%, up 28 basis points year over year and 6 basis points quarter over quarter. By end-Q3 2025, assets rose to CAD 102.83 billion, up CAD 4.07 billion (4.12%) year over year, and profitability edged up to 31 basis points, supported by higher loan interest income and a 2 basis point fall in deposit expense; borrowings also declined 3.0% year over year and 4.5% quarter over quarter. FSRA noted the Q2 and Q3 reports were distributed later than usual due to delays in gathering information, and reiterated that it publishes credit union sector outlook reports quarterly.
Financial Services Regulatory Authority of Ontario 2026-01-19
Ontario FSRA Q2 and Q3 sector outlook reports show credit union assets grew to CAD 102.8 billion and profitability stayed strong
The Financial Services Regulatory Authority of Ontario reported continued asset growth and stable profitability for Ontario credit unions in its delayed Q2 and Q3 2025-26 Sector Outlook Reports, with total assets reaching CAD 102.83 billion by end-Q3 and profitability at 31 basis points. Residential and commercial loans increased, while the over-30-day loan delinquency rate rose to 1.18%.