CIRCLE

Charter #22114 | MI

100M-500M (1077 CUs) Micro
67 100M-500M in MI

CIRCLE has 5 strengths but faces 7 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 15.7% in tier
  • + Relationship Depth Leader: Top 26.6% in tier
  • + Organic Growth Engine: Top 26.9% in tier
  • + Organic Growth Leader: Top 29.4% in tier
  • + Wallet Share Momentum: Top 35.9% in tier

Key Concerns

Areas that may need attention

  • - Efficiency Drag: Bottom 14.8% in tier
  • - Margin Compression: Bottom 32.2% in tier
  • - ROA 0.04% below tier average
  • - Efficiency ratio 4.58% above tier (higher cost structure)
  • - Members Per Employee (MPE): Bottom 0.6% in tier
  • - Total Members: Bottom 5.5% in tier
  • - Net Worth Ratio: Bottom 8.2% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 5,979
+0.8% YoY+1.2% QoQ
 -9.6K 15,628
-3.4% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 Bottom 5.4% in tier
Assets $117.3M
+6.5% YoY+2.0% QoQ
 $-114.0M $231.3M
-0.0% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 Bottom 12.2% in tier
Loans $79.7M
-3.7% YoY+1.7% QoQ
 $-68.1M $147.8M
-1.4% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 Bottom 22.0% in tier
Deposits $105.8M
+5.8% YoY+1.7% QoQ
 $-94.5M $200.3M
-0.0% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 Bottom 14.9% in tier
ROA 0.8%
-13.9% YoY-23.4% QoQ
 -0.0% 0.8%
+15.5% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 49th in tier
NIM 3.1%
+2.3% YoY-8.9% QoQ
 -0.5% 3.6%
+6.9% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 Bottom 22.2% in tier
Efficiency Ratio 81.9%
+3.2% YoY+4.7% QoQ
 +4.6% 77.3%
-3.0% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 66th in tier
Delinquency Rate 0.5%
-41.7% YoY-49.4% QoQ
 -0.3 0.9%
+7.6% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 40th in tier
Loan To Share 75.3%
-8.9% YoY+0.0% QoQ
 +2.6% 72.7%
-1.5% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 52nd in tier
AMR $31,015
+0.7% YoY+0.5% QoQ
 +$7K $24,363
+2.9% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 Top 14.0% in tier
CD Concentration 27.4%
-0.6% YoY+1.4% QoQ
 +3.0% 24.4%
+4.2% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 0.0%
-31.0% YoY-13.0% QoQ
 -14.0% 14.0%
-5.8% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 50th in tier

Signature Analysis

Strengths (5)

Emerging Performer

growth
#295 of 627 • Top 15.7% in tier

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

Why This Signature
Return on Assets: 0.75%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): 0.81%
(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 worsening

Relationship Depth Leader

growth
#735 of 1006 • Top 26.6% in tier

Average member relationship growing year-over-year. Increasing engagement suggests members are consolidating more business here.

Why This Signature
AMR Growth (YoY): 0.66%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $3.3K
(Tier: $2.8K, National: $2.0K)
better than tier avg
1006 of 1077 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | New qualifier

Organic Growth Engine

growth
#494 of 603 • Top 26.9% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 0.81%
(Tier: 0.88%, National: 9.37%)
but worse than tier avg
Return on Assets: 0.75%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 0.01%
(Tier: 13.96%, National: 7.90%)
better than tier avg
603 of 1077 Community CUs have this signature | 917 nationally
→ Stable (608→603 CUs) -5 CUs YoY | Rank worsening

Organic Growth Leader

growth
#388 of 430 • Top 29.4% in tier

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

Why This Signature
Member Growth (YoY): 0.81%
(Tier: 0.88%, National: 9.37%)
but worse than tier avg
430 of 1077 Community CUs have this signature | 608 nationally
↓ Shrinking -21 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#989 of 1006 • Top 35.9% in tier

Average member relationship growing year-over-year. Members are deepening their engagement.

Why This Signature
AMR Growth (YoY): 0.66%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
1006 of 1077 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | New qualifier

Concerns (2)

Efficiency Drag

risk
#262 of 521 • Bottom 14.8% in tier

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

Why This Signature
Efficiency Ratio: 81.86%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): -0.12% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Member Growth (YoY): 0.81%
(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

Margin Compression

decline
#136 of 136 • Bottom 32.2% in tier

Strong profitability track record but margins eroding. Something changed - rising costs or falling yields need addressing.

Why This Signature
Return on Assets: 0.75%
(Tier: 0.77%, National: 0.71%)
worse than tier avg
ROA Change (YoY): -0.12% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Total Assets: $117.34M
(Tier: $231.30M, National: $547.69M)
worse than tier avg
136 of 1077 Community CUs have this signature | 169 nationally
↓ Shrinking -43 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 (4 metrics)

128
Net Charge-Off Rate
risk
Value: 0.07%
Peer Avg: 0.47%
#128 of 1077 Top 11.8% in 100M-500M tier
151
Average Member Relationship (AMR)
engagement
Value: $31,015
Peer Avg: $24,363
#151 of 1077 Top 13.9% in 100M-500M tier
175
Loan-to-Member Ratio (LMR)
engagement
Value: $13,324
Peer Avg: $10,245
#175 of 1077 Top 16.2% in 100M-500M tier
180
Fee Income Per Member
profitability
Value: $236.34
Peer Avg: $174.31
#180 of 1077 Top 16.6% in 100M-500M tier

Top Weaknesses (9 metrics)

1071
Members Per Employee (MPE)
engagement
Value: 161.595
Peer Avg: 332.881
#1071 of 1077 Bottom 0.6% in 100M-500M tier
1019
Total Members
engagement
Value: 5,979
Peer Avg: 15,628
#1019 of 1077 Bottom 5.5% in 100M-500M tier
990
Net Worth Ratio
risk
Value: 8.50%
Peer Avg: 12.15%
#990 of 1077 Bottom 8.2% in 100M-500M tier
956
First Mortgage Concentration (%)
balance_sheet
Value: 52.57%
Peer Avg: 30.43%
#956 of 1077 Bottom 11.3% in 100M-500M tier
946
Total Assets
balance_sheet
Value: $117.34M
Peer Avg: $231.30M
#946 of 1077 Bottom 12.3% in 100M-500M tier
917
Total Deposits
balance_sheet
Value: $105.77M
Peer Avg: $200.29M
#917 of 1077 Bottom 14.9% in 100M-500M tier
888
Loan Growth Rate
growth
Value: -3.70%
Peer Avg: 3.45%
#888 of 1077 Bottom 17.6% in 100M-500M tier
840
Total Loans
balance_sheet
Value: $79.67M
Peer Avg: $147.80M
#840 of 1077 Bottom 22.1% in 100M-500M tier
838
Net Interest Margin (NIM)
profitability
Value: 3.08%
Peer Avg: 3.58%
#838 of 1077 Bottom 22.3% in 100M-500M tier