San Diego County Credit Union (61004), a $9.3B credit union headquartered in San Diego, CA, led by CEO Campbell, reported $5.0B in outstanding loans at the end of 2025 Q3, a decrease of $521.4M (-9.4%) compared to the same quarter last year.
The credit union's 67.4% loan-to-share ratio represents a balanced approach to asset-liability management. With 113,702 loans outstanding to 413,370 members, the average loan balance stands at $44K.
At a high level: liquidity management becomes more critical in this environment.
Portfolio Composition
San Diego County Credit Union's loan portfolio is dominated by Indirect Loans, comprising 13.5% of total loans. This diversified approach balances risk across multiple loan categories.
Loan Portfolio Breakdown
| Loan Type | Balance | % of Portfolio |
|---|---|---|
| Indirect Loans | $680.8M | 13.5% |
| Used Vehicles | $498.8M | 9.9% |
| Business Loans | $482.5M | 9.6% |
| New Vehicles | $342.0M | 6.8% |
| Credit Cards | $93.2M | 1.8% |
| Other Unsecured | $2.9M | 0.1% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Loan Trends
Loan portfolio contraction may reflect paydowns outpacing originations, tightened underwriting, or competitive pressure from fintech and bank lenders.
Quarterly Trend
| Period | Total Loans | QoQ Change | Loan/Share |
|---|---|---|---|
| 2024 Q2 | $5.8B | 75.0% | |
| 2024 Q3 | $5.6B | -3.6% | 72.6% |
| 2024 Q4 | $5.5B | -1.8% | 72.2% |
| 2025 Q1 | $5.3B | -3.3% | 69.0% |
| 2025 Q2 | $5.1B | -2.6% | 67.9% |
| 2025 Q3 | $5.0B | -2.1% | 67.4% |
Source: NCUA 5300 Call Reports
Credit Quality & Risk
San Diego County Credit Union reports $10.8M in loans delinquent 60+ days, representing a 0.21% delinquency rate. This healthy delinquency rate reflects disciplined underwriting and effective collections.
Year-to-date net charge-offs of $4.6M represent a 0.09% annualized loss rate. This low charge-off rate indicates strong credit performance.
Historical Context: Since the 2008 Crisis
San Diego County Credit Union's loan portfolio has grown 34% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $3.8B in loans with a 0.69% delinquency rate.
Today's delinquency rate of 0.21% remains below crisis-era levels, demonstrating improved credit quality and risk management.
Peer Comparison
Among 79 credit unions in its $4.6B–$13.9B asset peer group, San Diego County Credit Union ranks in the 1st percentile for loan growth. This suggests room for improvement in loan origination and portfolio expansion.
Outlook
San Diego County Credit Union's loan portfolio trajectory will depend on economic conditions, interest rate movements, and the credit union's ability to compete with banks and fintech lenders for consumer and auto loans.
San Diego County Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether the credit union can reverse the contraction trend.
Track This Credit Union
Monitor San Diego County Credit Union's quarterly loan performance, credit quality metrics, and portfolio 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. Delinquency rate calculated as loans 60+ days past due divided by total loans. Crisis comparison uses Q3 2008 as baseline.