Shelter Insurance Federal Credit Union (23355), a $39.4M credit union headquartered in Columbia, MO, led by CEO Swank, reported $8.2M in outstanding loans at the end of 2025 Q3, a decrease of $1.1M (-11.9%) compared to the same quarter last year.
The credit union's 24.2% loan-to-share ratio reflects a conservative lending posture with ample liquidity for future loan growth. With 573 loans outstanding to 2,941 members, the average loan balance stands at $14K.
Net effect: low loan-to-share ratio signals untapped lending capacity.
Portfolio Composition
Shelter Insurance Federal Credit Union's loan portfolio is dominated by Used Vehicles, comprising 72.9% of total loans. This heavy concentration in vehicle lending reflects the credit union's core competency in indirect auto finance.
Loan Portfolio Breakdown
| Loan Type | Balance | % of Portfolio |
|---|---|---|
| Used Vehicles | $6.0M | 72.9% |
| New Vehicles | $1.9M | 22.7% |
| Other Unsecured | $210K | 2.5% |
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 | $9.4M | 29.4% | |
| 2024 Q3 | $9.3M | -0.4% | 29.0% |
| 2024 Q4 | $9.1M | -2.4% | 28.7% |
| 2025 Q1 | $8.9M | -2.5% | 26.5% |
| 2025 Q2 | $8.5M | -3.8% | 26.1% |
| 2025 Q3 | $8.2M | -3.6% | 24.2% |
Source: NCUA 5300 Call Reports
Credit Quality & Risk
Shelter Insurance Federal Credit Union reports $55K in loans delinquent 60+ days, representing a 0.67% delinquency rate. This moderate delinquency rate is consistent with industry norms.
Year-to-date net charge-offs of $7K represent a 0.08% annualized loss rate. This low charge-off rate indicates strong credit performance.
Historical Context: Since the 2008 Crisis
Shelter Insurance Federal Credit Union's loan portfolio has grown 43% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $5.8M in loans with a 0.16% delinquency rate.
Today's delinquency rate of 0.67% exceeds crisis-era levels, signaling potential stress in the current lending environment.
Peer Comparison
Among 993 credit unions in its $19.7M–$59.1M asset peer group, Shelter Insurance Federal Credit Union ranks in the 9th percentile for loan growth. This suggests room for improvement in loan origination and portfolio expansion.
Outlook
Shelter Insurance Federal 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.
Shelter Insurance Federal 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 Shelter Insurance 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.