Resilient & Sustainable Growth:
Membership, deposits, and assets increased across 2024–2025, including a step‑up in 2024 (60,000+ new members, +$1.6B deposits) and continued, if steadier, expansion into 2025–2026 around ~$20B in assets. This pattern points to ongoing momentum rather than a one‑off spike.
Profitability:
Net income rose from $81.7 million in 2024 to $111.4 million in 2025 alongside growth in loans and assets. Earnings expansion accompanies the broader scale gains reported for 2025.
Cost & Operational Efficiency:
A fully digital model with a low operating‑expense ratio (about 1.24% in 2024 and 1.27% in 2025) is emphasized as an efficiency advantage. This cost position supports competitive pricing and nationwide scale.
