SOUND

Charter #24705 | CT

100M-500M (1077 CUs) Micro
16 100M-500M in CT

SOUND has 5 strengths but faces 11 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Relationship Depth Leader: Top 23.0% in tier
  • + Emerging Performer: Top 31.7% in tier
  • + Wallet Share Momentum: Top 34.8% in tier
  • + Net Interest Margin 0.61% above tier average
  • + Indirect Auto Concentration (%): Top 0.0% in tier

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 8.2% in tier
  • - Membership Headwinds: Bottom 13.7% in tier
  • - Efficiency Drag: Bottom 17.0% in tier
  • - Stagnation Risk: Bottom 25.0% in tier
  • - Institutional Decline: Bottom 27.3% in tier
  • - ROA 0.59% below tier average
  • - Efficiency ratio 15.66% above tier (higher cost structure)
  • - Delinquency rate 0.17% above tier average
  • - Member decline: -3.0% YoY
  • - Net Worth Ratio: Bottom 0.6% in tier
  • - Asset Growth Rate: Bottom 5.5% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (CT) National Avg Tier Percentile
Members 8,922
-3.0% YoY-0.1% QoQ
 -6.7K 15,628
-3.4% YoY
 13,754
+3.9% YoY
 33,089
+6.1% YoY
 Bottom 22.0% in tier
Assets $120.0M
-3.7% YoY-5.0% QoQ
 $-111.3M $231.3M
-0.0% YoY
 $223.0M
+8.2% YoY
 $547.7M
+7.8% YoY
 Bottom 13.1% in tier
Loans $93.7M
-2.6% YoY-2.1% QoQ
 $-54.1M $147.8M
-1.4% YoY
 $129.0M
+9.8% YoY
 $388.7M
+8.6% YoY
 31st in tier
Deposits $107.5M
-1.5% YoY-5.4% QoQ
 $-92.8M $200.3M
-0.0% YoY
 $195.5M
+7.9% YoY
 $464.6M
+9.3% YoY
 Bottom 15.9% in tier
ROA 0.2%
-110.7% YoY+70.7% QoQ
 -0.6% 0.8%
+15.5% YoY
 0.4%
-140.5% YoY
 0.7%
+273.4% YoY
 Bottom 13.1% in tier
NIM 4.2%
+8.4% YoY+3.1% QoQ
 +0.6% 3.6%
+6.9% YoY
 3.6%
+5.0% YoY
 3.7%
+5.0% YoY
 Top 17.0% in tier
Efficiency Ratio 92.9%
-17.9% YoY-1.7% QoQ
 +15.7% 77.3%
-3.0% YoY
 85.8%
+0.7% YoY
 79.1%
-3.3% YoY
 Top 6.5% in tier
Delinquency Rate 1.0%
+58.4% YoY+25.3% QoQ
 +0.2 0.9%
+7.6% YoY
 1.2%
+0.2% YoY
 1.2%
-0.9% YoY
 71st in tier
Loan To Share 87.2%
-1.1% YoY+3.5% QoQ
 +14.5% 72.7%
-1.5% YoY
 56.5%
+1.7% YoY
 68.0%
-1.7% YoY
 Top 20.9% in tier
AMR $22,546
+1.0% YoY-3.8% QoQ
 $-2K $24,363
+2.9% YoY
 $16,763
+4.9% YoY
 $19,418
+1.3% YoY
 51st in tier
CD Concentration 21.0%
+3.0% YoY-6.0% QoQ
 -3.4% 24.4%
+4.2% YoY
 14.4%
+16.9% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 0.0% -14.0% 14.0%
-5.8% YoY
 5.3%
-6.5% YoY
 7.9%
-2.9% YoY
 50th in tier

Signature Analysis

Strengths (3)

Relationship Depth Leader

growth
#636 of 1006 • Top 23.0% in tier

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

Why This Signature
AMR Growth (YoY): 1.01%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $3.7K
(Tier: $2.8K, National: $2.0K)
better than tier avg
1006 of 1077 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Emerging Performer

growth
#595 of 627 • Top 31.7% in tier

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

Why This Signature
Return on Assets: 0.20%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): -3.00%
(Tier: 0.88%, National: 9.37%)
but worse than tier avg
627 of 1077 Community CUs have this signature | 852 nationally
↑ Growing +13 CUs YoY | New qualifier

Wallet Share Momentum

growth
#959 of 1006 • Top 34.8% in tier

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

Why This Signature
AMR Growth (YoY): 1.01%
(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 (5)

Credit Quality Pressure

risk
#203 of 736 • Bottom 8.2% in tier

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

Why This Signature
Delinquency Change (YoY): 0.38% 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 | New qualifier

Membership Headwinds

decline
#226 of 550 • Bottom 13.7% in tier

Membership declining year-over-year. They need solutions to stop the bleeding before it impacts revenue.

Why This Signature
Member Growth (YoY): -3.00%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
550 of 1077 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank improving

Efficiency Drag

risk
#300 of 521 • Bottom 17.0% in tier

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

Why This Signature
Efficiency Ratio: 92.94%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 2.03% points
(Tier: 0.11% points, National: 0.05% points)
but better than tier avg
Member Growth (YoY): -3.00%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
521 of 1077 Community CUs have this signature | 624 nationally
↓ Shrinking -113 CUs YoY | Rank worsening

Stagnation Risk

risk
#413 of 550 • Bottom 25.0% in tier

Membership is declining. If profitability remains stable, current success may mask future risk from a shrinking member base.

Why This Signature
Return on Assets: 0.20%
(Tier: 0.77%, National: 0.71%)
worse than tier avg
Member Growth (YoY): -3.00%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $22.5K
(Tier: $25.0K, National: $19.4K)
worse than tier avg
CD Concentration: 21.04%
(Tier: 24.41%, National: 19.60%)
but better than tier avg
550 of 1077 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank improving

Institutional Decline

decline
#216 of 256 • Bottom 27.3% in tier

Both members and loans declining - the institution is contracting. Leadership is likely under pressure to reverse course.

Why This Signature
Total Assets: $120.02M
(Tier: $231.30M, National: $547.69M)
worse than tier avg
Member Growth (YoY): -3.00%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Loan Growth (YoY): -2.59%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
256 of 1077 Community CUs have this signature | 293 nationally
↓ Shrinking -43 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 1077 peers in tier

Top Strengths (4 metrics)

1
Indirect Auto Concentration (%)
balance_sheet
Value: 0.00%
Peer Avg: 13.34%
#1 of 1077 Top 0.0% in 100M-500M tier
162
Members Per Employee (MPE)
engagement
Value: 424.857
Peer Avg: 332.881
#162 of 1077 Top 14.9% in 100M-500M tier
183
Net Interest Margin (NIM)
profitability
Value: 4.19%
Peer Avg: 3.58%
#183 of 1077 Top 16.9% in 100M-500M tier
225
Loan-to-Share Ratio
balance_sheet
Value: 87.18%
Peer Avg: 72.70%
#225 of 1077 Top 20.8% in 100M-500M tier

Top Weaknesses (10 metrics)

1072
Net Worth Ratio
risk
Value: 6.70%
Peer Avg: 12.15%
#1072 of 1077 Bottom 0.6% in 100M-500M tier
1019
Asset Growth Rate
growth
Value: -3.67%
Peer Avg: 4.70%
#1019 of 1077 Bottom 5.5% in 100M-500M tier
1008
Efficiency Ratio
profitability
Value: 92.94%
Peer Avg: 77.28%
#1008 of 1077 Bottom 6.5% in 100M-500M tier
962
Deposit Growth Rate
growth
Value: -1.52%
Peer Avg: 4.69%
#962 of 1077 Bottom 10.8% in 100M-500M tier
936
Return on Assets (ROA)
profitability
Value: 0.20%
Peer Avg: 0.79%
#936 of 1077 Bottom 13.2% in 100M-500M tier
936
Total Assets
balance_sheet
Value: $120.02M
Peer Avg: $231.30M
#936 of 1077 Bottom 13.2% in 100M-500M tier
906
Total Deposits
balance_sheet
Value: $107.46M
Peer Avg: $200.29M
#906 of 1077 Bottom 16.0% in 100M-500M tier
883
Member Growth Rate
growth
Value: -3.00%
Peer Avg: 0.72%
#883 of 1077 Bottom 18.1% in 100M-500M tier
840
Total Members
engagement
Value: 8,922
Peer Avg: 15,628
#840 of 1077 Bottom 22.1% in 100M-500M tier
831
Loan Growth Rate
growth
Value: -2.59%
Peer Avg: 3.45%
#831 of 1077 Bottom 22.9% in 100M-500M tier