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WASHINGTON STATE EMPLOYEES

Charter #60042 · WA

Large 5B-7B
39 CUs in 5B-7B nationally 3 in WA
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WASHINGTON STATE EMPLOYEES has 1 strength but faces 8 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Net Interest Margin 0.94% above tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 12.5% in tier
  • - Shrinking Wallet Share: Bottom 89.1% in tier
  • - Indirect Auto Dependency: Bottom 98.4% in tier
  • - ROA 0.68% below tier average
  • - Efficiency ratio 10.11% above tier (higher cost structure)
  • - Asset Growth Rate: Bottom 7.7% in tier
  • - Loan Growth Rate: Bottom 7.7% in tier
  • - Net Charge-Off Rate: Bottom 7.7% in tier

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 2026 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • One of 39 credit unions with $5B-$7B in assets nationally, and 1 of 3 that size in Washington.
  • Shares and deposits +2.6% year over year ($4.54B in shares and deposits).
  • Membership: 323,382 members, +1.0% vs a year ago.
  • Delinquency rate 0.80%.
  • Return on assets 0.25%.
  • Efficiency ratio 75.29% vs a 65.18% peer average.
  • Loan-to-share ratio 86.18% vs a 85.64% peer average.

Data period: Q2 2026 NCUA call report. Animation disabled (reduced-motion preference). Full details in the metrics table below.

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 323,382
+1.0% YoY+1.2% QoQ
+12.5K 310,918
+6.0% YoY
69,472
+6.3% YoY
34,678
+6.6% YoY
59%
Assets $5.1B
-0.6% YoY-0.4% QoQ
$-701.1M $5.8B
-1.1% YoY
$1.3B
+8.7% YoY
$593.1M
+10.2% YoY
Bottom 12.8% in tier
Loans $3.9B
-3.5% YoY-0.5% QoQ
$-283.4M $4.2B
-0.7% YoY
$968.5M
+8.7% YoY
$418.6M
+10.1% YoY
38%
Deposits $4.5B
+2.6% YoY-0.7% QoQ
$-350.0M $4.9B
-1.3% YoY
$1.1B
+8.8% YoY
$504.8M
+10.3% YoY
26%

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Tier 1
50+ financial metrics with peer benchmarks
Performance signatures (strengths & concerns)
AI-generated insights and rankings

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ROA 0.2%
-43.6% YoY
-0.7% 0.9%
+35.3% YoY
0.7%
+22.8% YoY
1.2%
+121.4% YoY
Bottom 0.1% in tier
NIM 4.1%
+5.9% YoY+2.0% QoQ
+0.9% 3.2%
+9.5% YoY
3.8%
+3.6% YoY
3.8%
+2.3% YoY
Top 12.8% in tier
Efficiency Ratio 75.3%
+5.2% YoY-4.0% QoQ
+10.1% 65.2%
-9.0% YoY
77.5%
+0.3% YoY
83.0%
-5.3% YoY
82%
Delinquency Rate 0.8%
+53.5% YoY+15.0% QoQ
+0.0 0.8%
+23.8% YoY
0.9%
-3.0% YoY
1.3%
+2.6% YoY
59%
Loan To Share 86.2%
-6.0% YoY+0.2% QoQ
+0.5% 85.6%
-0.2% YoY
76.2%
-1.2% YoY
66.4%
-1.4% YoY
36%
AMR $26,166
-1.3% YoY-1.7% QoQ
$-6K $32,010
-7.3% YoY
$29,351
+3.2% YoY
$20,028
-0.9% YoY
20%
CD Concentration 28.8%
+0.6% YoY+2.5% QoQ
+0.5% 28.3% 22.7% 20.0% 48%
Indirect Auto % 16.5%
-16.9% YoY-2.5% QoQ
-0.3% 16.8% 16.0% 7.7% 47%

Signature Analysis

Strengths (0)

No strengths identified

Concerns (3)

Credit Quality Pressure

risk
#8 of 33 • 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): 0.28% points
(Tier: 0.07% points, National: 0.08% points)
worse than tier avg
33 of 67 Large CUs have this signature | 962 nationally
→ Stable (37→33 CUs) -4 CUs YoY | New qualifier

Shrinking Wallet Share

decline
#8 of 11 • Bottom 89.1% in tier

Average member relationship declining year-over-year. Members may be moving money elsewhere or reducing engagement.

Why This Signature
AMR Growth (YoY): -1.28%
(Tier: 4.16%, National: 35.20%)
worse than tier avg
11 of 67 Large CUs have this signature | 308 nationally
→ Stable (11→11 CUs) | Rank worsening

Indirect Auto Dependency

risk
#34 of 35 • Bottom 98.4% in tier

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

Why This Signature
Asset Growth (YoY): -0.61%
(Tier: 8.71%, National: 3.30%)
worse than tier avg
Indirect Auto %: 16.46%
(Tier: 16.81%, National: 7.71%)
but better than tier avg
Member Growth (YoY): 0.96%
(Tier: 4.24%, National: 15.67%)
worse than tier avg
35 of 67 Large CUs have this signature | 714 nationally
→ Stable (33→35 CUs) +2 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 39 peers in tier

Top Strengths (1 metrics)

5
Net Interest Margin (NIM)
profitability
Value: 4.14%
Peer Median: 3.25%
#5 of 39 Top 10.3% in 5B-7B tier

Top Weaknesses (9 metrics)

39
Return on Assets (ROA)
profitability
Value: 0.25%
Peer Median: 0.85%
#39 of 39 Bottom 2.6% in 5B-7B tier
37
Asset Growth Rate
growth
Value: -0.61%
Peer Median: 6.34%
#37 of 39 Bottom 7.7% in 5B-7B tier
37
Loan Growth Rate
growth
Value: -3.52%
Peer Median: 4.22%
#37 of 39 Bottom 7.7% in 5B-7B tier
37
Net Charge-Off Rate
risk
Value: 1.16%
Peer Median: 0.62%
#37 of 39 Bottom 7.7% in 5B-7B tier
35
AMR Growth Rate
growth
Value: -1.28%
Peer Median: 2.28%
#35 of 39 Bottom 12.8% in 5B-7B tier
34
Total Assets
balance_sheet
Value: $5.09B
Peer Median: $5.68B
#34 of 39 Bottom 15.4% in 5B-7B tier
33
Efficiency Ratio
profitability
Value: 75.29%
Peer Median: 66.17%
#33 of 39 Bottom 17.9% in 5B-7B tier
33
Deposit Growth Rate
growth
Value: 2.61%
Peer Median: 6.19%
#33 of 39 Bottom 17.9% in 5B-7B tier
31
Average Member Relationship (AMR)
engagement
Value: $26,166
Peer Median: $29,661
#31 of 39 Bottom 23.1% in 5B-7B tier
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