GREYLOCK

Charter #24560 | MA

1B-3B (304 CUs) Mid-Market (380 CUs)
10 1B-3B in MA

GREYLOCK has 4 strengths but faces 11 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 16.8% in tier
  • + Organic Growth Leader: Top 26.8% in tier
  • + Organic Growth Engine: Top 26.9% in tier
  • + Net Interest Margin 0.19% above tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 2.2% in tier
  • - Growth-at-Risk: Bottom 15.1% in tier
  • - Efficiency Drag: Bottom 24.3% in tier
  • - Liquidity Strain: Bottom 27.3% in tier
  • - Liquidity Overhang: Bottom 30.8% in tier
  • - Indirect Auto Dependency: Bottom 31.2% in tier
  • - ROA 0.05% below tier average
  • - Efficiency ratio 6.87% above tier (higher cost structure)
  • - Delinquency rate 0.74% above tier average
  • - First Mortgage Concentration (%): Bottom 9.2% in tier
  • - Total Delinquency Rate (60+ days): Bottom 9.9% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
Members 106,182
+1.8% YoY+0.5% QoQ
+7.5K 98,678
-1.9% YoY
27,447
+2.6% YoY
33,089
+6.1% YoY
63rd in tier
Assets $1.7B
+1.1% YoY+1.1% QoQ
$-66.7M $1.7B
+0.5% YoY
$440.2M
+4.2% YoY
$547.7M
+7.8% YoY
57th in tier
Loans $1.3B
+1.1% YoY+1.4% QoQ
+$97.1M $1.2B
+0.5% YoY
$341.2M
+2.4% YoY
$388.7M
+8.6% YoY
65th in tier
Deposits $1.4B
+3.1% YoY+0.8% QoQ
$-50.8M $1.5B
+1.3% YoY
$366.8M
+5.5% YoY
$464.6M
+9.3% YoY
56th in tier
ROA 0.7%
+137.1% YoY+27.0% QoQ
-0.1% 0.7%
+13.4% YoY
0.7%
+17.3% YoY
0.7%
+273.4% YoY
49th in tier
NIM 3.5%
+16.0% YoY+1.6% QoQ
+0.2% 3.3%
+9.3% YoY
3.3%
+3.8% YoY
3.7%
+5.0% YoY
62nd in tier
Efficiency Ratio 80.8%
-9.2% YoY-3.3% QoQ
+6.9% 74.0%
-10.9% YoY
80.4%
-4.7% YoY
79.1%
-3.3% YoY
Top 22.0% in tier
Delinquency Rate 1.6%
+57.6% YoY+14.2% QoQ
+0.7 0.8%
+6.1% YoY
0.9%
-6.0% YoY
1.2%
-0.9% YoY
Top 9.9% in tier
Loan To Share 94.8%
-1.9% YoY+0.6% QoQ
+9.6% 85.2%
-0.8% YoY
74.2%
-1.7% YoY
68.0%
-1.7% YoY
73rd in tier
AMR $25,745
+0.4% YoY+0.6% QoQ
$-3K $29,172
+2.8% YoY
$24,707
+3.7% YoY
$19,418
+1.3% YoY
40th in tier
CD Concentration 28.5%
+2.5% YoY+1.0% QoQ
-0.5% 29.0%
+0.8% YoY
24.8%
+8.8% YoY
19.6%
+6.2% YoY
51st in tier
Indirect Auto % 18.0%
-4.6% YoY-2.3% QoQ
-0.8% 18.8%
-2.8% YoY
2.6%
-15.5% YoY
7.9%
-2.9% YoY
54th in tier

Signature Analysis

Strengths (3)

Emerging Performer

growth
#90 of 184 • Top 16.8% in tier

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

Why This Signature
Return on Assets: 0.65%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): 1.76%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
184 of 380 Mid-Market CUs have this signature | 852 nationally
↑ Growing +18 CUs YoY | Rank improving

Organic Growth Leader

growth
#106 of 138 • Top 26.8% in tier

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

Why This Signature
Member Growth (YoY): 1.76%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
138 of 380 Mid-Market CUs have this signature | 608 nationally
↑ Growing +11 CUs YoY | Rank worsening

Organic Growth Engine

growth
#196 of 246 • Top 26.9% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 1.76%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
Return on Assets: 0.65%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 18.02%
(Tier: 18.80%, National: 7.90%)
better than tier avg
246 of 380 Mid-Market CUs have this signature | 917 nationally
↑ Growing +14 CUs YoY

Concerns (6)

Credit Quality Pressure

risk
#18 of 217 • Bottom 2.2% in tier

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

Why This Signature
Delinquency Change (YoY): 0.57% points
(Tier: 0.07% points, National: 0.07% points)
worse than tier avg
217 of 380 Mid-Market CUs have this signature | 1002 nationally
↓ Shrinking -70 CUs YoY | Rank improving

Growth-at-Risk

risk
#85 of 161 • Bottom 15.1% in tier

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

Why This Signature
Loan Growth (YoY): 1.13%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 0.57% points
(Tier: 0.07% points, National: 0.07% points)
worse than tier avg
161 of 380 Mid-Market CUs have this signature | 646 nationally
↓ Shrinking -30 CUs YoY | Rank worsening

Efficiency Drag

risk
#81 of 96 • Bottom 24.3% in tier

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

Why This Signature
Efficiency Ratio: 80.85%
(Tier: 73.45%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 0.38% points
(Tier: 0.07% points, National: 0.05% points)
but better than tier avg
Member Growth (YoY): 1.76%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
96 of 380 Mid-Market CUs have this signature | 624 nationally
↓ Shrinking -32 CUs YoY | Rank worsening

Liquidity Strain

risk
#144 of 183 • Bottom 27.3% in tier

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

Why This Signature
Loan-to-Share Ratio: 94.77%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): 1.13%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
183 of 380 Mid-Market CUs have this signature | 484 nationally
↑ Growing +10 CUs YoY | Rank worsening

Liquidity Overhang

risk
#100 of 113 • Bottom 30.8% in tier

Very high net worth ratio (>12%). Strong capital position may indicate opportunity to deploy capital more productively.

Why This Signature
Net Worth Ratio: 12.47%
(Tier: 11.30%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 94.77%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
113 of 380 Mid-Market CUs have this signature | 691 nationally
↑ Growing +9 CUs YoY

Indirect Auto Dependency

risk
#193 of 202 • Bottom 31.2% in tier

Significant portion of loan portfolio in indirect auto (>15%). This concentration creates dependency on dealer relationships.

Why This Signature
Asset Growth (YoY): 1.15%
(Tier: 5.36%, National: 3.04%)
worse than tier avg
Indirect Auto %: 18.02%
(Tier: 18.80%, National: 7.90%)
but better than tier avg
Member Growth (YoY): 1.76%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
202 of 380 Mid-Market CUs have this signature | 768 nationally
↓ Shrinking -7 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 304 peers in tier

Top Strengths (1 metrics)

63
Net Charge-Off Rate
risk
Value: 0.27%
Peer Avg: 0.60%
#63 of 304 Top 20.4% in 1B-3B tier

Top Weaknesses (3 metrics)

277
First Mortgage Concentration (%)
balance_sheet
Value: 54.46%
Peer Avg: 34.01%
#277 of 304 Bottom 9.2% in 1B-3B tier
275
Total Delinquency Rate (60+ days)
risk
Value: 1.57%
Peer Avg: 0.83%
#275 of 304 Bottom 9.9% in 1B-3B tier
238
Efficiency Ratio
profitability
Value: 80.85%
Peer Avg: 73.97%
#238 of 304 Bottom 22.0% in 1B-3B tier