CANOPY

Charter #11162 | WA

100M-500M (1077 CUs) Micro
18 100M-500M in WA

CANOPY has 3 strengths but faces 10 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 26.8% in tier
  • + Net Interest Margin 0.66% above tier average
  • + Fee Income Per Member: Top 7.2% in tier

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 6.5% in tier
  • - Shrinking Wallet Share: Bottom 15.3% in tier
  • - Efficiency Drag: Bottom 17.1% in tier
  • - Indirect Auto Dependency: Bottom 32.1% in tier
  • - Liquidity Strain: Bottom 33.0% in tier
  • - ROA 0.62% below tier average
  • - Efficiency ratio 2.97% above tier (higher cost structure)
  • - Delinquency rate 0.76% above tier average
  • - Asset Growth Rate: Bottom 8.7% in tier
  • - Net Charge-Off Rate: Bottom 9.1% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 13,425
+0.2% YoY-0.3% QoQ
 -2.2K 15,628
-3.4% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 49th in tier
Assets $229.4M
-2.4% YoY-3.9% QoQ
 $-1.9M $231.3M
-0.0% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 58th in tier
Loans $176.7M
-5.1% YoY-0.5% QoQ
 +$28.9M $147.8M
-1.4% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 69th in tier
Deposits $193.8M
+1.4% YoY-1.3% QoQ
 $-6.5M $200.3M
-0.0% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 58th in tier
ROA 0.2%
-48.8% YoY+23.4% QoQ
 -0.6% 0.8%
+15.5% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 Bottom 12.3% in tier
NIM 4.2%
+4.2% YoY+3.0% QoQ
 +0.7% 3.6%
+6.9% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 Top 15.8% in tier
Efficiency Ratio 80.2%
+4.6% YoY-0.9% QoQ
 +3.0% 77.3%
-3.0% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 62nd in tier
Delinquency Rate 1.6%
+38.1% YoY+24.7% QoQ
 +0.8 0.9%
+7.6% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 Top 12.1% in tier
Loan To Share 91.2%
-6.5% YoY+0.7% QoQ
 +18.5% 72.7%
-1.5% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 Top 13.8% in tier
AMR $27,594
-2.0% YoY-0.6% QoQ
 +$3K $24,363
+2.9% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 Top 25.0% in tier
CD Concentration 22.1%
+1.6% YoY+3.3% QoQ
 -2.3% 24.4%
+4.2% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 18.3%
+34.6% YoY+13.1% QoQ
 +4.3% 14.0%
-5.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 50th in tier

Signature Analysis

Strengths (1)

Emerging Performer

growth
#503 of 627 • Top 26.8% in tier

Profitable credit union with positive returns. May represent growth potential worth exploring.

Why This Signature
Return on Assets: 0.17%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): 0.25%
(Tier: 0.88%, National: 9.37%)
but worse than tier avg
627 of 1077 Community CUs have this signature | 852 nationally
↑ Growing +13 CUs YoY | Rank improving

Concerns (5)

Credit Quality Pressure

risk
#162 of 736 • Bottom 6.5% in tier

Delinquencies are rising year-over-year. Credit risk is building - they may need better underwriting tools.

Why This Signature
Delinquency Change (YoY): 0.45% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
736 of 1077 Community CUs have this signature | 1002 nationally
↓ Shrinking -199 CUs YoY | Rank improving

Shrinking Wallet Share

decline
#153 of 244 • Bottom 15.3% in tier

Average member relationship declining year-over-year. Members may be moving money elsewhere or reducing engagement.

Why This Signature
AMR Growth (YoY): -2.05%
(Tier: 3.68%, National: 4.19%)
worse than tier avg
244 of 1077 Community CUs have this signature | 346 nationally
↓ Shrinking -221 CUs YoY | New qualifier

Efficiency Drag

risk
#302 of 521 • Bottom 17.1% in tier

High efficiency ratio (>80%) indicates elevated operating costs relative to revenue. Margin improvement opportunities may exist.

Why This Signature
Efficiency Ratio: 80.24%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): -0.16% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Member Growth (YoY): 0.25%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
521 of 1077 Community CUs have this signature | 624 nationally
↓ Shrinking -113 CUs YoY | New qualifier

Indirect Auto Dependency

risk
#516 of 525 • Bottom 32.1% in tier

Significant portion of loan portfolio in indirect auto (>15%). This concentration creates dependency on dealer relationships.

Why This Signature
Asset Growth (YoY): -2.35%
(Tier: 4.61%, National: 3.04%)
worse than tier avg
Indirect Auto %: 18.26%
(Tier: 13.96%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 0.25%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
525 of 1077 Community CUs have this signature | 768 nationally
↓ Shrinking -18 CUs YoY | New qualifier

Liquidity Strain

risk
#256 of 258 • Bottom 33.0% in tier

Loan demand outpacing deposits. They're bumping against liquidity limits - need funding solutions.

Why This Signature
Loan-to-Share Ratio: 91.18%
(Tier: 74.56%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): -5.12%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
258 of 1077 Community CUs have this signature | 484 nationally
↓ Shrinking -28 CUs YoY | Rank worsening

Metric Rankings

See how this credit union ranks across all tracked metrics compared to peers.

Strengths: Metrics in the top 25% (75th percentile or higher) | Concerns: Metrics in the bottom 25% (25th percentile or lower)

Comparing against 1077 peers in tier

Top Strengths (5 metrics)

79
Fee Income Per Member
profitability
Value: $283.35
Peer Avg: $174.31
#79 of 1077 Top 7.2% in 100M-500M tier
149
Loan-to-Share Ratio
balance_sheet
Value: 91.18%
Peer Avg: 72.70%
#149 of 1077 Top 13.7% in 100M-500M tier
170
Net Interest Margin (NIM)
profitability
Value: 4.24%
Peer Avg: 3.58%
#170 of 1077 Top 15.7% in 100M-500M tier
184
Loan-to-Member Ratio (LMR)
engagement
Value: $13,160
Peer Avg: $10,245
#184 of 1077 Top 17.0% in 100M-500M tier
269
Average Member Relationship (AMR)
engagement
Value: $27,594
Peer Avg: $24,363
#269 of 1077 Top 24.9% in 100M-500M tier

Top Weaknesses (8 metrics)

984
Asset Growth Rate
growth
Value: -2.35%
Peer Avg: 4.70%
#984 of 1077 Bottom 8.7% in 100M-500M tier
980
Net Charge-Off Rate
risk
Value: 1.05%
Peer Avg: 0.47%
#980 of 1077 Bottom 9.1% in 100M-500M tier
958
Net Worth Ratio
risk
Value: 8.88%
Peer Avg: 12.15%
#958 of 1077 Bottom 11.1% in 100M-500M tier
957
Members Per Employee (MPE)
engagement
Value: 231.466
Peer Avg: 332.881
#957 of 1077 Bottom 11.2% in 100M-500M tier
955
AMR Growth Rate
growth
Value: -2.05%
Peer Avg: 3.64%
#955 of 1077 Bottom 11.4% in 100M-500M tier
948
Total Delinquency Rate (60+ days)
risk
Value: 1.62%
Peer Avg: 0.86%
#948 of 1077 Bottom 12.1% in 100M-500M tier
945
Return on Assets (ROA)
profitability
Value: 0.17%
Peer Avg: 0.79%
#945 of 1077 Bottom 12.3% in 100M-500M tier
941
Loan Growth Rate
growth
Value: -5.12%
Peer Avg: 3.45%
#941 of 1077 Bottom 12.7% in 100M-500M tier