BlastPoint's Credit Union Scorecard
SOMERSET
Charter #24239 ยท 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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| 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
growthBest-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.
Organic Growth Leader
growthAttracting members (0.5-50% YoY) without heavy indirect auto dependency (<20%). Healthy, sustainable growth model.
Organic Growth Engine
growthGrowing membership while maintaining profitability. Healthy fundamentals in place.
Relationship Depth Leader
growthTop-tier average member relationship within peer group, with stable or growing engagement. Strong wallet share positioning.
Concerns (1)
Efficiency Drag
riskHigh efficiency ratio (>80%) indicates elevated operating costs relative to revenue. Margin improvement opportunities may exist.
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)