NPL Explorer™ Data current as of Q4 2025
Distressed Credit Unions — quarterly call-report signals
NPL Explorer surfaces NCUA-insured credit unions showing signs of loan distress — net-worth pressure, rising delinquencies, and member-business-loan strain — using quarterly NCUA call-report data, so note investors can source distressed debt before the market does.
Insights
Capital-Pressured Institutions
50 institutions showed capital levels below peer medians in Q4 2025, with BYKOTA in NY deviating +26.0pp below its peer group, followed by WEDEVELOPMENT in MO at +24.3pp below and FIRST&PEOPLES BANK&TRUST CO in KY at +17.6pp below.
Details
- BYKOTA · NY
- WEDEVELOPMENT · MO
- FIRST&PEOPLES BANK&TRUST CO · KY
Banks (FDIC-insured) raise the capital-pressure flag when Tier 1 leverage ratio drops below 5% OR total risk-based capital ratio drops below 10%. Credit unions (NCUA-chartered) raise the flag when the net worth ratio drops below 7% (PCA "adequately capitalized" floor). Within flagged institutions, we sub-rank by deviation from the size-cohort peer median nonperforming-loan ratio.
Rising NPLs by Collateral (Credit Unions)
Non-performing loans in 1-4 family — 1st lien rose among credit unions in Q4 2025, with HOMETOWN in ND reporting the largest increase at +3.5pp, reaching 7.14%.
Details
- HOMETOWN · ND
- THE CREDIT UNION FOR ALL · IL
- PEOPLES · IA
This card ranks credit unions whose nonperforming-loan ratio for the named collateral type rose quarter-over-quarter by at least 0.5 percentage points.
Outliers vs Peer Cohort
In Q4 2025, three institutions showed nonperforming loan rates far above their peer cohort median of 0.71%: ALLOY EMPLOYEES in WI reached 69.11%, MT ZION WOODLAWN in OH hit 45.82%, and NRS COMMUNITY DEVELOPMENT in AL posted 43.46%, representing deviations of +68.40pp, +45.12pp, and +42.75pp respectively.
Details
- ALLOY EMPLOYEES · WI
- MT ZION WOODLAWN · OH
- NRS COMMUNITY DEVELOPMENT · AL
We rank institutions whose nonperforming-loan ratio meets or exceeds 2× their size-cohort peer median.
Net Worth Distress
50 institutions reported negative net worth in Q4 2025.
Details
- COPPER & GLASS · PA
- PEOPLE TRUST COMMUNITY · AR
- TEAMSTERS LOCAL 92 · OH
We rank credit unions whose net worth ratio falls below the 7% well-capitalized threshold. The 7% well-capitalized line and the 6% adequately-capitalized floor are the NCUA Prompt Corrective Action (PCA) tier triggers under 12 CFR §702 — credit unions below 7% face earnings-retention requirements.
How we calculate this
Net Worth Ratio = net worth ÷ total assets; a credit union falls below "well capitalized" under 7%. Non-performing loans % = (nonaccrual + 90-days-past-due loans) ÷ total loans. Charge-off ratio = net charge-offs ÷ average loans.
Figures are derived from quarterly NCUA call reports and FFIEC Central Data Repository filings — public-domain U.S. Government data. Methodology maintained by Robert Hytha, mortgage-note investor since 2011.
Frequently asked questions
What is a non-performing loan?
A non-performing loan (NPL) is a loan whose borrower has stopped making scheduled payments — typically 90 or more days past due, or on nonaccrual status.
Where does this data come from, and how current is it?
Every metric is derived from quarterly NCUA call reports and FFIEC Central Data Repository filings — the same regulatory data credit unions are required to file. NPL Explorer refreshes each quarter; the figures shown reflect the most recently completed reporting quarter.
How are credit-union distress signals different from banks'?
Credit unions report to the NCUA rather than the FDIC, and their primary capital signal is the Net Worth Ratio — a credit union falls below “well capitalized” under 7%. Member-business-loan concentration and rising delinquencies are the credit-union analogues of bank NPL and OREO stress.