FEDEX EMPLOYEES CREDIT ASSOCIATION

Charter #21751 | TN

500M-750M (169 CUs) Community (281 CUs)
4 500M-750M in TN

FEDEX EMPLOYEES CREDIT ASSOCIATION has 6 strengths but faces 12 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Leader: Top 23.6% in tier
  • + Organic Growth Engine: Top 24.4% in tier
  • + Indirect Auto Concentration (%): Top 0.0% in tier
  • + Members Per Employee (MPE): Top 0.0% in tier
  • + Total Members: Top 0.0% in tier
  • + Share Certificate Concentration (%): Top 2.4% in tier

Key Concerns

Areas that may need attention

  • - Flatlined Growth: Bottom 6.8% in tier
  • - Liquidity Overhang: Bottom 7.4% in tier
  • - Credit Quality Pressure: Bottom 12.9% in tier
  • - Shrinking Wallet Share: Bottom 18.6% in tier
  • - ROA 0.14% below tier average
  • - Delinquency rate 1.04% above tier average
  • - Average Member Relationship (AMR): Bottom 0.6% in tier
  • - Loan-to-Member Ratio (LMR): Bottom 0.6% in tier
  • - Net Charge-Off Rate: Bottom 4.1% in tier
  • - Total Delinquency Rate (60+ days): Bottom 7.1% in tier
  • - Loan-to-Share Ratio: Bottom 7.7% in tier
  • - Total Loans: Bottom 7.7% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
Members 103,127
+1.4% YoY+0.9% QoQ
 +63.4K 39,752
-2.7% YoY
 21,139
+4.9% YoY
 33,089
+6.1% YoY
 Top 0.6% in tier
Assets $625.1M
+0.3% YoY+0.0% QoQ
 +$2.7M $622.4M
+0.3% YoY
 $362.5M
+9.5% YoY
 $547.7M
+7.8% YoY
 49th in tier
Loans $297.9M
+0.1% YoY+0.8% QoQ
 $-138.0M $435.9M
-0.4% YoY
 $271.1M
+9.1% YoY
 $388.7M
+8.6% YoY
 Bottom 7.1% in tier
Deposits $524.8M
-0.1% YoY+0.4% QoQ
 $-13.2M $538.0M
+1.3% YoY
 $303.0M
+8.7% YoY
 $464.6M
+9.3% YoY
 43rd in tier
ROA 0.5%
+339.5% YoY-21.0% QoQ
 -0.1% 0.7%
+33.9% YoY
 0.8%
+4.1% YoY
 0.7%
+273.4% YoY
 42nd in tier
NIM 3.3%
+19.3% YoY+1.6% QoQ
 -0.1% 3.4%
+8.6% YoY
 3.8%
+5.1% YoY
 3.7%
+5.0% YoY
 41st in tier
Efficiency Ratio 73.5%
-14.4% YoY+2.1% QoQ
 -4.6% 78.1%
-3.4% YoY
 75.4%
-1.8% YoY
 79.1%
-3.3% YoY
 27th in tier
Delinquency Rate 1.8%
+14.8% YoY+9.9% QoQ
 +1.0 0.8%
-4.9% YoY
 1.1%
+8.5% YoY
 1.2%
-0.9% YoY
 Top 7.1% in tier
Loan To Share 56.8%
+0.3% YoY+0.5% QoQ
 -24.3% 81.0%
-1.8% YoY
 70.4%
-2.4% YoY
 68.0%
-1.7% YoY
 Bottom 7.1% in tier
AMR $7,978
-1.4% YoY-0.3% QoQ
 $-19K $26,482
+2.6% YoY
 $18,470
+2.4% YoY
 $19,418
+1.3% YoY
 Bottom 0.0% in tier
CD Concentration 12.8%
+29.8% YoY+10.2% QoQ
 -11.6% 24.4%
+4.2% YoY
 22.3%
+6.6% YoY
 19.6%
+6.2% YoY
 Bottom 14.1% in tier
Indirect Auto % 0.0% -14.0% 14.0%
-5.8% YoY
 6.9%
+1.1% YoY
 7.9%
-2.9% YoY
 Bottom 0.0% in tier

Signature Analysis

Strengths (2)

Organic Growth Leader

growth
#312 of 430 • Top 23.6% in tier

Attracting members without relying on indirect channels. Healthy, sustainable growth model.

Why This Signature
Member Growth (YoY): 1.42%
(Tier: 0.88%, National: 9.37%)
better than tier avg
430 of 281 Community CUs have this signature | 608 nationally
↓ Shrinking -21 CUs YoY | Rank improving

Organic Growth Engine

growth
#448 of 603 • Top 24.4% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 1.42%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Return on Assets: 0.52%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 0.00%
(Tier: 13.96%, National: 7.90%)
better than tier avg
603 of 281 Community CUs have this signature | 917 nationally
→ Stable (608→603 CUs) -5 CUs YoY | Rank improving

Concerns (4)

Flatlined Growth

risk
#8 of 58 • Bottom 6.8% in tier

Asset growth has flattened despite healthy profitability. May indicate a need to reassess growth strategy.

Why This Signature
Total Assets: $625.11M
(Tier: $622.38M, National: $547.69M)
but better than tier avg
Asset Growth (YoY): 0.35%
(Tier: 4.61%, National: 3.04%)
worse than tier avg
Return on Assets: 0.52%
(Tier: 0.77%, National: 0.71%)
worse than tier avg
58 of 281 Community CUs have this signature | 82 nationally
↑ Growing +10 CUs YoY | New qualifier

Liquidity Overhang

risk
#115 of 552 • Bottom 7.4% in tier

Very high net worth ratio (>12%). Strong capital position may indicate opportunity to deploy capital more productively.

Why This Signature
Net Worth Ratio: 14.34%
(Tier: 11.95%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 56.77%
(Tier: 74.56%, National: 67.96%)
worse than tier avg
552 of 281 Community CUs have this signature | 691 nationally
↑ Growing +65 CUs YoY | Rank improving

Credit Quality Pressure

risk
#320 of 736 • Bottom 12.9% in tier

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

Why This Signature
Delinquency Change (YoY): 0.24% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
736 of 281 Community CUs have this signature | 1002 nationally
↓ Shrinking -199 CUs YoY | Rank worsening

Shrinking Wallet Share

decline
#186 of 244 • Bottom 18.6% in tier

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

Why This Signature
AMR Growth (YoY): -1.45%
(Tier: 3.68%, National: 4.19%)
worse than tier avg
244 of 281 Community CUs have this signature | 346 nationally
↓ Shrinking -221 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 169 peers in tier

Top Strengths (5 metrics)

1
Indirect Auto Concentration (%)
balance_sheet
Value: 0.00%
Peer Avg: 16.19%
#1 of 169 Top 0.0% in 500M-750M tier
1
Members Per Employee (MPE)
engagement
Value: 859.392
Peer Avg: 338.010
#1 of 169 Top 0.0% in 500M-750M tier
1
Total Members
engagement
Value: 103,127
Peer Avg: 39,752
#1 of 169 Top 0.0% in 500M-750M tier
5
Share Certificate Concentration (%)
balance_sheet
Value: 12.80%
Peer Avg: 26.87%
#5 of 169 Top 2.4% in 500M-750M tier
18
Net Worth Ratio
risk
Value: 14.34%
Peer Avg: 10.94%
#18 of 169 Top 10.1% in 500M-750M tier

Top Weaknesses (10 metrics)

169
Average Member Relationship (AMR)
engagement
Value: $7,978
Peer Avg: $26,482
#169 of 169 Bottom 0.6% in 500M-750M tier
169
Loan-to-Member Ratio (LMR)
engagement
Value: $2,889
Peer Avg: $11,805
#169 of 169 Bottom 0.6% in 500M-750M tier
163
Net Charge-Off Rate
risk
Value: 1.46%
Peer Avg: 0.51%
#163 of 169 Bottom 4.1% in 500M-750M tier
158
Total Delinquency Rate (60+ days)
risk
Value: 1.84%
Peer Avg: 0.80%
#158 of 169 Bottom 7.1% in 500M-750M tier
157
Loan-to-Share Ratio
balance_sheet
Value: 56.77%
Peer Avg: 81.02%
#157 of 169 Bottom 7.7% in 500M-750M tier
157
Total Loans
balance_sheet
Value: $297.92M
Peer Avg: $435.95M
#157 of 169 Bottom 7.7% in 500M-750M tier
147
Fee Income Per Member
profitability
Value: $130.14
Peer Avg: $199.27
#147 of 169 Bottom 13.6% in 500M-750M tier
144
AMR Growth Rate
growth
Value: -1.45%
Peer Avg: 3.12%
#144 of 169 Bottom 15.4% in 500M-750M tier
143
Deposit Growth Rate
growth
Value: -0.15%
Peer Avg: 5.25%
#143 of 169 Bottom 16.0% in 500M-750M tier
132
Asset Growth Rate
growth
Value: 0.35%
Peer Avg: 4.33%
#132 of 169 Bottom 22.5% in 500M-750M tier