Federally insured credit unions held $71.6 billion in unsecured personal loans at the end of June 2026, up 0.9% from $70.9 billion a year earlier. That covers 15.6 million loans, an average balance of about $4,590, at 4,268 credit unions. The median rate credit unions reported on these loans was 11.75%, the same as a year earlier.
Losses and late payments
Credit unions charged off $1.52 billion in personal loans, net of recoveries, in the first half of 2026. That works out to an annualized net loss rate of about 4.3% of balances, down from 4.4% in the first half of 2025. Loans 60 or more days late totaled $1.12 billion, or 1.57% of balances, compared with 1.63% a year earlier.
What the rates look like
Half of credit unions reported a rate between 10.00% and 13.27% on their unsecured personal loans. Each credit union reports one rate for the category, usually its most common rate, so a borrower with weaker credit may be quoted more. Federal credit unions cannot charge more than 18% APR on most loans under NCUA's current ceiling, and payday alternative loans at federal credit unions are capped at 28%. Bank and online lenders face no such federal cap.
For comparison, credit unions held $87.7 billion in credit card balances at the same date.
Largest credit union personal lenders
The 15 credit unions below hold $22.3 billion, or 31% of the total. The CSV lists all 4,268.
| Credit union | State | Unsecured personal loans | Change from June 2025 | Typical rate |
|---|---|---|---|---|
| Navy Federal Credit Union | VA | $7,548M | +1.4% | 18.00% |
| State Employees' | NC | $2,893M | +6.3% | 9.75% |
| Schoolsfirst | CA | $2,492M | +16.6% | 9.99% |
| Alliant | IL | $1,381M | +8.0% | 7.49% |
| First Technology | CA | $1,348M | +360.9% | 18.00% |
| Boeing Employees | WA | $943M | +6.7% | 9.74% |
| Suncoast | FL | $838M | +7.4% | 11.75% |
| Pentagon | VA | $827M | -22.2% | 14.65% |
| Mountain America | UT | $815M | -0.0% | 13.24% |
| Municipal | NY | $633M | +22.5% | 7.99% |
| The Golden 1 | CA | $625M | +3.5% | 11.49% |
| United Nations | NY | $522M | -12.1% | 9.20% |
| Michigan State University | MI | $481M | +22.8% | 17.90% |
| Connexus | WI | $465M | -7.1% | 22.04% |
| Service | NH | $451M | +10.5% | 17.00% |
Unsecured personal loans are "all other unsecured loans/lines of credit" in the call report, which excludes credit cards, payday alternative loans and student loans. Typical rate is the rate each credit union reported for the category on its June 2026 call report. Changes compare to the same credit union's June 2025 report, so mergers can affect them. Net loss rate is our calculation: first-half charge-offs minus recoveries, doubled, divided by June balances.
Source
National Credit Union Administration, Credit Union and Corporate Call Report Data, quarterly files for June 2026 and June 2025 (FS220A account 397 balance and 396 credit cards; FS220B account 994 number of loans; FS220 account 522 rate; FS220P charge-offs, recoveries and delinquency), downloaded October 23, 2026. U.S. government data in the public domain. Our tables are available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "Credit Union Personal Loans: Balances, Rates and Losses," My Credit Guide, October 23, 2026, https://mycreditguide.org/data/credit-union-personal-loans/.