Western Indiana Credit Union (82789), a $49.8M credit union headquartered in Sullivan, IN, led by CEO Perkinson, reported $43.6M in member deposits at the end of 2025 Q3, an increase of $6.0M (+16.0%) compared to the same quarter last year.
The credit union's 73.4% loan-to-share ratio represents a balanced approach between deploying deposits into loans and maintaining adequate liquidity.
At a high level: growth optionality remains strong with ample deposit runway.
Deposit Composition
Western Indiana Credit Union's deposit portfolio is led by Share Certificates, comprising 49.9% of total deposits—time deposits (cds) with fixed terms and rates. Strong certificate balances indicate member preference for term deposits and predictable funding costs.
Deposit Portfolio Breakdown
| Deposit Type | Balance | % of Total | YoY Growth |
|---|---|---|---|
| Share Certificates | $21.7M | 49.9% | +24.0% |
| Regular Shares | $14.4M | 33.1% | +12.9% |
| Share Drafts | $7.4M | 16.9% | +1.1% |
| Other Shares | $91K | 0.2% | +887.8% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Deposit Trends
Stable deposit growth of this magnitude typically reflects competitive dividend rates, successful marketing campaigns, or strong community relationships driving member acquisition.
Quarterly Trend
| Period | Total Deposits | QoQ Change | Avg/Member |
|---|---|---|---|
| 2024 Q2 | $34.7M | $12K | |
| 2024 Q3 | $37.6M | +8.4% | $13K |
| 2024 Q4 | $41.5M | +10.3% | $14K |
| 2025 Q1 | $41.8M | +0.8% | $14K |
| 2025 Q2 | $41.4M | -0.8% | $14K |
| 2025 Q3 | $43.6M | +5.3% | $14K |
Source: NCUA 5300 Call Reports
Member Deposit Metrics
Western Indiana Credit Union serves 3,037 members, an increase of 1.6% year-over-year. The average member deposit of $14K has grown 14.2% compared to last year.
Deposit growth exceeding member growth suggests existing members are increasing their balances, a sign of deepening relationships.
Historical Context: Since the 2008 Crisis
Western Indiana Credit Union's deposit base has grown 505% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $7.2M in member deposits serving 1,217 members.
Membership has expanded 150% over this period, demonstrating strong community trust and successful member acquisition.
Peer Comparison
Among 1029 credit unions in its $24.9M–$74.7M asset peer group, Western Indiana Credit Union ranks in the 96th percentile for deposit growth. This positions the credit union as a deposit-gathering leader among similarly-sized institutions.
Outlook
With strong deposit momentum, Western Indiana Credit Union appears well-positioned to fund loan growth and maintain competitive member services. Key factors to watch include deposit rate trends, member acquisition costs, and competitive dynamics in the IN market.
Western Indiana Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this deposit growth trajectory can be sustained.
Track This Credit Union
Monitor Western Indiana Credit Union's quarterly deposit performance, member metrics, and share composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Average deposit calculated as total shares and deposits divided by total members.