BlastPoint's Credit Union Scorecard

SOMERSET

Charter #24239 ยท MA

1077 CUs in 100M-500M nationally 32 in MA

SOMERSET has 6 strengths but faces 5 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Credit Quality Leader: Top 14.2% in tier
  • + Organic Growth Leader: Top 25.1% in tier
  • + Organic Growth Engine: Top 26.6% in tier
  • + Relationship Depth Leader: Top 55.1% in tier
  • + Total Delinquency Rate (60+ days): Top 4.1% in tier
  • + Net Charge-Off Rate: Top 4.1% in tier

Key Concerns

Areas that may need attention

  • - Efficiency Drag: Bottom 14.2% in tier
  • - ROA 0.15% below tier average
  • - Efficiency ratio 3.43% above tier (higher cost structure)
  • - First Mortgage Concentration (%): Bottom 4.5% in tier
  • - Net Interest Margin (NIM): Bottom 8.4% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
Members 11,586
+1.3% YoY+0.8% QoQ
-4.0K 15,628
-3.4% YoY
27,447
+2.6% YoY
33,089
+6.1% YoY
39%
Assets $249.6M
+5.7% YoY+2.7% QoQ
+$18.3M $231.3M
-0.0% YoY
$440.2M
+4.2% YoY
$547.7M
+7.8% YoY
64%
Loans $165.8M
+8.6% YoY+3.8% QoQ
+$18.0M $147.8M
-1.4% YoY
$341.2M
+2.4% YoY
$388.7M
+8.6% YoY
66%
Deposits $215.4M
+3.8% YoY+0.2% QoQ
+$15.1M $200.3M
-0.0% YoY
$366.8M
+5.5% YoY
$464.6M
+9.3% YoY
63%

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Tier 1
50+ financial metrics with peer benchmarks
Performance signatures (strengths & concerns)
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ROA 0.6%
+2.2% YoY+34.0% QoQ
-0.1% 0.8%
+15.5% YoY
0.7%
+17.3% YoY
0.7%
+273.4% YoY
42%
NIM 2.7%
-2.7% YoY+0.7% QoQ
-0.9% 3.6%
+6.9% YoY
3.3%
+3.8% YoY
3.7%
+5.0% YoY
Bottom 8.3% in tier
Efficiency Ratio 80.7%
+0.5% YoY-4.8% QoQ
+3.4% 77.3%
-3.0% YoY
80.4%
-4.7% YoY
79.1%
-3.3% YoY
63%
Delinquency Rate 0.1%
-75.9% YoY-55.6% QoQ
-0.8 0.9%
+7.6% YoY
0.9%
-6.0% YoY
1.2%
-0.9% YoY
Bottom 4.1% in tier
Loan To Share 77.0%
+4.6% YoY+3.6% QoQ
+4.3% 72.7%
-1.5% YoY
74.2%
-1.7% YoY
68.0%
-1.7% YoY
56%
AMR $32,903
+4.5% YoY+1.0% QoQ
+$9K $24,363
+2.9% YoY
$24,707
+3.7% YoY
$19,418
+1.3% YoY
Top 11.7% in tier
CD Concentration 27.9%
-2.5% YoY+2.7% QoQ
+3.5% 24.4%
+4.2% YoY
24.8%
+8.8% YoY
19.6%
+6.2% YoY
50%
Indirect Auto % 0.4%
-43.4% YoY-15.9% QoQ
-13.6% 14.0%
-5.7% YoY
2.6%
-15.5% YoY
7.9%
-2.9% YoY
50%

Signature Analysis

Strengths (4)

Credit Quality Leader

growth
#49 of 340 โ€ข Top 14.2% in tier

Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.

Why This Signature
Delinquency Rate: 0.09%
(Tier: 0.85%, National: 1.23%)
better than tier avg
Delinquency Change (YoY): -0.29% points
(Tier: 0.04% points, National: 0.07% points)
better than tier avg
340 of 1077 Community CUs have this signature | 457 nationally
โ†’ Stable (341โ†’340 CUs) -1 CUs YoY | New qualifier

Organic Growth Leader

growth
#332 of 430 โ€ข Top 25.1% in tier

Attracting members (0.5-50% YoY) without heavy indirect auto dependency (<20%). Healthy, sustainable growth model.

Why This Signature
Member Growth (YoY): 1.29%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Indirect Auto %: 0.36%
(Tier: 13.97%, National: 7.90%)
better than tier avg
430 of 1077 Community CUs have this signature | 608 nationally
โ†“ Shrinking -21 CUs YoY | New qualifier

Organic Growth Engine

growth
#488 of 603 โ€ข Top 26.6% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 1.29%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Return on Assets: 0.64%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 0.36%
(Tier: 13.97%, National: 7.90%)
better than tier avg
603 of 1077 Community CUs have this signature | 917 nationally
โ†’ Stable (608โ†’603 CUs) -5 CUs YoY | New qualifier

Relationship Depth Leader

growth
#142 of 257 โ€ข Top 55.1% in tier

Top-tier average member relationship within peer group, with stable or growing engagement. Strong wallet share positioning.

Why This Signature
AMR Growth (YoY): 4.51%
(Tier: 3.68%, National: 4.19%)
better than tier avg
Share Draft per Member: $3.9K
(Tier: $2.8K, National: $2.0K)
better than tier avg
257 of 1077 Community CUs have this signature | 341 nationally
โ†‘ Growing +59 CUs YoY | Rank worsening

Concerns (1)

Efficiency Drag

risk
#251 of 521 โ€ข Bottom 14.2% in tier

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

Why This Signature
Efficiency Ratio: 80.71%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 0.01% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Member Growth (YoY): 1.29%
(Tier: 0.88%, National: 9.37%)
but better than tier avg
521 of 1077 Community CUs have this signature | 624 nationally
โ†“ Shrinking -113 CUs YoY | Rank improving

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)

45
Total Delinquency Rate (60+ days)
risk
Value: 0.09%
Peer Avg: -
#45 of 1077 Top 4.1% in 100M-500M tier
45
Net Charge-Off Rate
risk
Value: 0.02%
Peer Avg: -
#45 of 1077 Top 4.1% in 100M-500M tier
126
Average Member Relationship (AMR)
engagement
Value: $32,903
Peer Avg: -
#126 of 1077 Top 11.6% in 100M-500M tier
130
Loan-to-Member Ratio (LMR)
engagement
Value: $14,312
Peer Avg: -
#130 of 1077 Top 12.0% in 100M-500M tier
217
Loan Growth Rate
growth
Value: 8.63%
Peer Avg: -
#217 of 1077 Top 20.1% in 100M-500M tier

Top Weaknesses (2 metrics)

1030
First Mortgage Concentration (%)
balance_sheet
Value: 63.67%
Peer Avg: -
#1030 of 1077 Bottom 4.5% in 100M-500M tier
988
Net Interest Margin (NIM)
profitability
Value: 2.66%
Peer Avg: -
#988 of 1077 Bottom 8.4% in 100M-500M tier
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