Saint Michaels Fall River Federal Credit Union (8915), a $128.3M credit union headquartered in Fall River, MA, led by CEO Mahjoory, reported $107.4M in outstanding loans at the end of 2025 Q3, an increase of $5.9M (+5.8%) compared to the same quarter last year.
The credit union's 93.8% loan-to-share ratio indicates aggressive lending relative to deposit base, which may require liquidity management attention. With 1,049 loans outstanding to 3,215 members, the average loan balance stands at $102K.
Net effect: elevated loan-to-share ratio limits incremental lending capacity.
Portfolio Composition
Saint Michaels Fall River Federal Credit Union's loan portfolio is dominated by Business Loans, comprising 4.6% of total loans. This diversified approach balances risk across multiple loan categories.
Loan Portfolio Breakdown
| Loan Type | Balance | % of Portfolio |
|---|---|---|
| Business Loans | $4.9M | 4.6% |
| Other Unsecured | $2.1M | 1.9% |
| New Vehicles | $882K | 0.8% |
| Credit Cards | $871K | 0.8% |
| Used Vehicles | $769K | 0.7% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Loan Trends
Sustained loan growth of this magnitude typically reflects competitive pricing, expanded indirect lending channels, or successful member acquisition campaigns.
Quarterly Trend
| Period | Total Loans | QoQ Change | Loan/Share |
|---|---|---|---|
| 2024 Q2 | $99.6M | 98.8% | |
| 2024 Q3 | $101.4M | +1.8% | 99.2% |
| 2024 Q4 | $101.9M | +0.4% | 96.2% |
| 2025 Q1 | $104.0M | +2.1% | 95.7% |
| 2025 Q2 | $105.9M | +1.8% | 97.4% |
| 2025 Q3 | $107.4M | +1.3% | 93.8% |
Source: NCUA 5300 Call Reports
Credit Quality & Risk
Saint Michaels Fall River Federal Credit Union reports $1.8M in loans delinquent 60+ days, representing a 1.66% delinquency rate. This elevated delinquency warrants close monitoring of underwriting standards and collection practices.
Year-to-date net charge-offs of $5K represent a 0.00% annualized loss rate. This low charge-off rate indicates strong credit performance.
Historical Context: Since the 2008 Crisis
Saint Michaels Fall River Federal Credit Union's loan portfolio has grown 425% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $20.5M in loans with a 4.09% delinquency rate.
Today's delinquency rate of 1.66% remains below crisis-era levels, demonstrating improved credit quality and risk management.
Peer Comparison
Among 969 credit unions in its $64.2M–$192.5M asset peer group, Saint Michaels Fall River Federal Credit Union ranks in the 74th percentile for loan growth.
Outlook
With strong loan growth momentum, Saint Michaels Fall River Federal Credit Union appears well-positioned for continued portfolio expansion. Key factors to monitor include deposit growth to fund lending, credit quality trends, and competitive dynamics in the MA market.
Saint Michaels Fall River Federal Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this growth trajectory can be sustained.
Track This Credit Union
Monitor Saint Michaels Fall River Federal 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.