Research — March 26, 2026
Georgia-based Workmen's Circle CU is top-performing US credit union of 2025
By Gaby Villaluz and Xylex Mangulabnan
Savannah, Georgia-based Workmen's Circle CU ranked first in S&P Global Market Intelligence's list of the top 100 US credit unions by key metrics for 2025, rising from 10th place in 2024.
Workmen's Circle CU outperformed the industry median in all six ranking metrics among eligible credit unions and exceeded the median in five metrics compared to the top 100 credit unions. Its return on average assets (ROAA) rose 85 basis points year over year to 1.95%, the 12th highest among the top 100 credit unions and surpassing the top 100's median of 1.46%.
The credit union's 0.8% member growth for 2025, although lower than the 1.3% member growth reported in 2024, was still above the industry median of 0.7%. Workmen's Circle CU's shares and deposits per member ratio was roughly $64,939, the second highest among the top 100 credit unions in 2025.
Its net worth ratio increased 43 basis points year over year to 19.57%. Workmen's Circle CU's key credit quality metrics in 2025 were strong, as it ended the year with total delinquent loans as a percentage of total loans and net charge-offs to average loans at 0.00% each.
Roseburg, Oregon-based Cascade Community FCU climbed to second place, from third in 2024. It reported an ROAA of 2.40% in 2025, the sixth highest among the top 100 credit unions. The credit union's member growth rose 96 basis points to 4.8%, more than double the top 100 median of 2.3%. Its net worth ratio rose to 17.13% in 2025, an increase of 139 basis points from a year earlier.
The credit union's 0.14% loan delinquency ratio, although higher than the 0.06% ratio reported in 2024, was below the top 100 median of 0.38%.
East Aurora, New York-based Moog Employees FCU took the third spot in 2025, beating the industry median in five of the six ranking metrics. Along with Workmen's Circle CU, Moog Employees FCU was among the credit unions with a net charge-off ratio of 0.00% in 2025. Its net worth ratio rose to 26.40%, up 32 basis points from the previous year.
Moog Employees FCU's 2025 member growth of 0.2% was below the industry median of 0.7%.
Seventy-five of the 100 top-performing credit unions from 2024 retained a place in the 2025 ranking. Olympia, Washington-based WCLA CU, which took the top spot in 2024, fell to No. 25 after posting deteriorating credit quality and capital adequacy metrics for 2025. The credit union's loan delinquency ratio rose by 143 basis points year over year to 1.89%, while its net worth ratio dropped 48 basis points to 16.44%. Its member growth also declined 218 basis points to 0.5%.
Vienna, Virginia-based Navy FCU, the largest US credit union by assets, ranked No. 1,293 in 2025, down from No. 1,078 in 2024. Member growth slowed by 81 basis points year over year to 6.1% in 2025. Its 2.34% net charge-off ratio, although lower than the ratio reported in 2024, remained higher than the top 100 median of 0.12%.
California led the nation with 10 credit unions in the top 100, followed by Michigan and New York with eight each.
Sacramento-based Sacramento CU was the highest-ranked credit union headquartered in California, placing fourth in 2025, up from 11th in 2024. Santa Rosa based Redwood CU was the largest California-based credit union by assets, ranking 74th in the top 100.
Sovita CU, based in Flint, was the highest-ranked Michigan credit union, placing 32nd in the top 100.
Moog Employees FCU was the top-ranked credit union in New York, followed by New Hartford-based Utica Gas & Electric Employees FCU at sixth in the analysis.
To compile this ranking, S&P Global Market Intelligence calculated scores for each company based on six weighted financial metrics: member change (20%), shares and deposits per member (20%), net worth as a percentage of total assets (20%), return on average assets (20%), delinquent loans as a percentage of total loans (10%) and net charge-offs as a percentage of average loans (10%). Each company's standard deviation from the industry mean was calculated for every ranking metric, then combined to derive a performance score. To help normalize the data and mitigate the impact of outliers, caps and floors were applied for each metric.
To be included in the ranking, a credit union must have reported at least $100 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2025. Based on these criteria, 1,797 credit unions qualified for the ranking.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.