MICHIGAN STATE UNIVERSITY

Charter #23279 | MI

7B-10B (30 CUs) Large (64 CUs)
1 7B-10B in MI

MICHIGAN STATE UNIVERSITY has 4 strengths but faces 11 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Leader: Top 9.6% in tier
  • + Organic Growth Engine: Top 25.0% in tier
  • + Net Interest Margin 0.44% above tier average
  • + Fee Income Per Member: Top 6.7% in tier

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 3.3% in tier
  • - Growth-at-Risk: Bottom 14.4% in tier
  • - Shrinking Wallet Share: Bottom 20.8% in tier
  • - Liquidity Strain: Bottom 27.1% in tier
  • - Flatlined Growth: Bottom 83.3% in tier
  • - ROA 0.75% below tier average
  • - Efficiency ratio 12.71% above tier (higher cost structure)
  • - Delinquency rate 0.38% above tier average
  • - Net Worth Ratio: Bottom 3.3% in tier
  • - Members Per Employee (MPE): Bottom 3.3% in tier
  • - Total Delinquency Rate (60+ days): Bottom 10.0% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 389,605
+4.0% YoY+2.0% QoQ
 -69.7K 459,296
+3.8% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 30th in tier
Assets $8.2B
+0.9% YoY-0.1% QoQ
 $-686.2M $8.9B
+1.2% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 Bottom 16.7% in tier
Loans $6.4B
+2.1% YoY+0.7% QoQ
 +$69.6M $6.3B
+2.9% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 50th in tier
Deposits $6.8B
+3.2% YoY-0.1% QoQ
 $-685.3M $7.5B
+2.3% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 Bottom 13.3% in tier
ROA 0.3%
-225.9% YoY+178.2% QoQ
 -0.7% 1.0%
+22.1% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 Bottom 3.3% in tier
NIM 3.4%
+19.3% YoY+2.7% QoQ
 +0.4% 3.0%
+11.5% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 70th in tier
Efficiency Ratio 76.4%
-11.7% YoY-5.0% QoQ
 +12.7% 63.7%
-2.2% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 Top 13.3% in tier
Delinquency Rate 1.1%
+35.7% YoY-16.1% QoQ
 +0.4 0.7%
+10.8% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 Top 10.0% in tier
Loan To Share 94.7%
-1.1% YoY+0.8% QoQ
 +9.3% 85.4%
+0.7% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 67th in tier
AMR $33,827
-1.3% YoY-1.7% QoQ
 +$167 $33,660
-2.9% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 67th in tier
CD Concentration 29.9%
+1.4% YoY+3.1% QoQ
 +1.0% 28.9%
-1.3% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 55th in tier
Indirect Auto % 10.2%
-2.5% YoY-0.8% QoQ
 -6.4% 16.6%
-10.3% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 33rd in tier

Signature Analysis

Strengths (2)

Organic Growth Leader

growth
#9 of 28 • Top 9.6% in tier

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

Why This Signature
Member Growth (YoY): 4.01%
(Tier: 3.07%, National: 9.37%)
better than tier avg
28 of 64 Large CUs have this signature | 608 nationally
→ Stable (28→28 CUs) | Rank worsening

Organic Growth Engine

growth
#38 of 50 • Top 25.0% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 4.01%
(Tier: 3.07%, National: 9.37%)
better than tier avg
Return on Assets: 0.28%
(Tier: 0.91%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 10.24%
(Tier: 16.60%, National: 7.90%)
better than tier avg
50 of 64 Large CUs have this signature | 917 nationally
→ Stable (52→50 CUs) -2 CUs YoY | New qualifier

Concerns (5)

Credit Quality Pressure

risk
#5 of 34 • Bottom 3.3% in tier

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

Why This Signature
Delinquency Change (YoY): 0.28% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
34 of 64 Large CUs have this signature | 1002 nationally
↓ Shrinking -17 CUs YoY | Rank improving

Growth-at-Risk

risk
#15 of 25 • Bottom 14.4% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

Why This Signature
Loan Growth (YoY): 2.09%
(Tier: 4.99%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 0.28% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
25 of 64 Large CUs have this signature | 646 nationally
↓ Shrinking -13 CUs YoY | Rank worsening

Shrinking Wallet Share

decline
#11 of 15 • Bottom 20.8% in tier

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

Why This Signature
AMR Growth (YoY): -1.29%
(Tier: 2.82%, National: 4.19%)
worse than tier avg
15 of 64 Large CUs have this signature | 346 nationally
↓ Shrinking -6 CUs YoY

Liquidity Strain

risk
#24 of 32 • Bottom 27.1% in tier

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

Why This Signature
Loan-to-Share Ratio: 94.72%
(Tier: 84.48%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): 2.09%
(Tier: 4.99%, National: 36.38%)
worse than tier avg
32 of 64 Large CUs have this signature | 484 nationally
→ Stable (27→32 CUs) +5 CUs YoY | Rank worsening

Flatlined Growth

risk
#6 of 6 • Bottom 83.3% in tier

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

Why This Signature
Total Assets: $8.24B
(Tier: $8.92B, National: $547.69M)
worse than tier avg
Asset Growth (YoY): 0.87%
(Tier: 4.60%, National: 3.04%)
worse than tier avg
Return on Assets: 0.28%
(Tier: 0.91%, National: 0.71%)
worse than tier avg
6 of 64 Large CUs have this signature | 82 nationally
→ Stable (3→6 CUs) +3 CUs YoY | New qualifier

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 30 peers in tier

Top Strengths (2 metrics)

3
Fee Income Per Member
profitability
Value: $276.29
Peer Avg: $199.46
#3 of 30 Top 6.7% in 7B-10B tier
8
Indirect Auto Concentration (%)
balance_sheet
Value: 10.24%
Peer Avg: 18.85%
#8 of 30 Top 23.3% in 7B-10B tier

Top Weaknesses (7 metrics)

30
Net Worth Ratio
risk
Value: 8.51%
Peer Avg: 12.36%
#30 of 30 Bottom 3.3% in 7B-10B tier
30
Members Per Employee (MPE)
engagement
Value: 273.984
Peer Avg: 450.512
#30 of 30 Bottom 3.3% in 7B-10B tier
29
Return on Assets (ROA)
profitability
Value: 0.28%
Peer Avg: 1.03%
#29 of 30 Bottom 6.7% in 7B-10B tier
28
Total Delinquency Rate (60+ days)
risk
Value: 1.06%
Peer Avg: 0.67%
#28 of 30 Bottom 10.0% in 7B-10B tier
27
Efficiency Ratio
profitability
Value: 76.44%
Peer Avg: 63.73%
#27 of 30 Bottom 13.3% in 7B-10B tier
26
Total Deposits
balance_sheet
Value: $6.77B
Peer Avg: $7.45B
#26 of 30 Bottom 16.7% in 7B-10B tier
25
Total Assets
balance_sheet
Value: $8.24B
Peer Avg: $8.92B
#25 of 30 Bottom 20.0% in 7B-10B tier