FOREST AREA

Charter #24047 | MI

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

FOREST AREA has 10 strengths but faces 5 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Engine: Top 3.2% in tier
  • + Organic Growth Leader: Top 4.7% in tier
  • + Relationship Depth Leader: Top 26.0% in tier
  • + Wallet Share Momentum: Top 29.9% in tier
  • + ROA 0.49% above tier average
  • + Net Interest Margin 0.70% above tier average
  • + Strong member growth: 5.8% YoY
  • + Asset Growth Rate: Top 5.8% in tier
  • + Deposit Growth Rate: Top 6.6% in tier
  • + Member Growth Rate: Top 7.5% in tier

Key Concerns

Areas that may need attention

  • - Margin Compression: Bottom 4.1% in tier
  • - Credit Quality Pressure: Bottom 12.5% in tier
  • - Growth-at-Risk: Bottom 20.0% in tier
  • - Delinquency rate 0.80% above tier average
  • - Net Charge-Off Rate: Bottom 6.3% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 20,872
+5.8% YoY+1.3% QoQ
 +5.2K 15,628
-3.4% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 Top 22.7% in tier
Assets $305.9M
+12.2% YoY+2.7% QoQ
 +$74.6M $231.3M
-0.0% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 74th in tier
Loans $193.6M
+2.8% YoY+1.7% QoQ
 +$45.9M $147.8M
-1.4% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 74th in tier
Deposits $269.1M
+12.4% YoY+2.3% QoQ
 +$68.8M $200.3M
-0.0% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 Top 24.8% in tier
ROA 1.3%
-28.7% YoY+13.2% QoQ
 +0.5% 0.8%
+15.5% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 Top 18.7% in tier
NIM 4.3%
+1.7% YoY-0.6% QoQ
 +0.7% 3.6%
+6.9% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 Top 14.3% in tier
Efficiency Ratio 63.7%
+7.9% YoY+0.8% QoQ
 -13.6% 77.3%
-3.0% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 Bottom 13.4% in tier
Delinquency Rate 1.7%
+17.3% YoY+2.5% QoQ
 +0.8 0.9%
+7.6% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 Top 11.3% in tier
Loan To Share 72.0%
-8.5% YoY-0.6% QoQ
 -0.7% 72.7%
-1.5% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 45th in tier
AMR $22,169
+2.2% YoY+0.8% QoQ
 $-2K $24,363
+2.9% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 48th in tier
CD Concentration 11.8%
-15.8% YoY-9.0% QoQ
 -12.6% 24.4%
+4.2% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 10.0%
-22.8% YoY-6.6% QoQ
 -3.9% 14.0%
-5.8% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 50th in tier

Signature Analysis

Strengths (4)

Organic Growth Engine

growth
#60 of 603 • Top 3.2% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 5.85%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Return on Assets: 1.27%
(Tier: 0.77%, National: 0.71%)
better than tier avg
Indirect Auto %: 10.04%
(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
#63 of 430 • Top 4.7% in tier

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

Why This Signature
Member Growth (YoY): 5.85%
(Tier: 0.88%, National: 9.37%)
better than tier avg
430 of 1077 Community CUs have this signature | 608 nationally
↓ Shrinking -21 CUs YoY | Rank improving

Relationship Depth Leader

growth
#717 of 1006 • Top 26.0% in tier

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

Why This Signature
AMR Growth (YoY): 2.23%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $2.8K
(Tier: $2.8K, National: $2.0K)
but worse than tier avg
1006 of 1077 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#824 of 1006 • Top 29.9% in tier

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

Why This Signature
AMR Growth (YoY): 2.23%
(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 | Rank worsening

Concerns (3)

Margin Compression

decline
#18 of 136 • Bottom 4.1% in tier

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

Why This Signature
Return on Assets: 1.27%
(Tier: 0.77%, National: 0.71%)
but better than tier avg
ROA Change (YoY): -0.51% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Total Assets: $305.88M
(Tier: $231.30M, National: $547.69M)
but better than tier avg
136 of 1077 Community CUs have this signature | 169 nationally
↓ Shrinking -43 CUs YoY | New qualifier

Credit Quality Pressure

risk
#309 of 736 • Bottom 12.5% in tier

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

Why This Signature
Delinquency Change (YoY): 0.25% 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 worsening

Growth-at-Risk

risk
#300 of 446 • Bottom 20.0% in tier

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

Why This Signature
Loan Growth (YoY): 2.83%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 0.25% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
446 of 1077 Community CUs have this signature | 646 nationally
↓ Shrinking -77 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 (10 metrics)

64
Asset Growth Rate
growth
Value: 12.25%
Peer Avg: 4.70%
#64 of 1077 Top 5.8% in 100M-500M tier
72
Deposit Growth Rate
growth
Value: 12.44%
Peer Avg: 4.69%
#72 of 1077 Top 6.6% in 100M-500M tier
82
Member Growth Rate
growth
Value: 5.85%
Peer Avg: 0.72%
#82 of 1077 Top 7.5% in 100M-500M tier
145
Efficiency Ratio
profitability
Value: 63.68%
Peer Avg: 77.28%
#145 of 1077 Top 13.4% in 100M-500M tier
151
Share Certificate Concentration (%)
balance_sheet
Value: 11.80%
Peer Avg: 23.61%
#151 of 1077 Top 13.9% in 100M-500M tier
154
Net Interest Margin (NIM)
profitability
Value: 4.29%
Peer Avg: 3.58%
#154 of 1077 Top 14.2% in 100M-500M tier
201
Return on Assets (ROA)
profitability
Value: 1.27%
Peer Avg: 0.79%
#201 of 1077 Top 18.6% in 100M-500M tier
203
Fee Income Per Member
profitability
Value: $230.66
Peer Avg: $174.31
#203 of 1077 Top 18.8% in 100M-500M tier
244
Total Members
engagement
Value: 20,872
Peer Avg: 15,628
#244 of 1077 Top 22.6% in 100M-500M tier
267
Total Deposits
balance_sheet
Value: $269.06M
Peer Avg: $200.29M
#267 of 1077 Top 24.7% in 100M-500M tier

Top Weaknesses (2 metrics)

1010
Net Charge-Off Rate
risk
Value: 1.21%
Peer Avg: 0.47%
#1010 of 1077 Bottom 6.3% in 100M-500M tier
956
Total Delinquency Rate (60+ days)
risk
Value: 1.66%
Peer Avg: 0.86%
#956 of 1077 Bottom 11.3% in 100M-500M tier