BlastPoint's Credit Union Scorecard

WASHINGTON STATE EMPLOYEES

Charter #60042 · WA

Large 5B-7B
35 CUs in 5B-7B nationally 3 in WA
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WASHINGTON STATE EMPLOYEES has 1 strength but faces 12 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Net Interest Margin 1.03% above tier average

Key Concerns

Areas that may need attention

  • - Accelerating Exit Risk: Bottom 0.0% in tier
  • - Credit Quality Pressure: Bottom 41.7% in tier
  • - Stagnation Risk: Bottom 75.0% in tier
  • - Shrinking Wallet Share: Bottom 91.7% in tier
  • - Indirect Auto Dependency: Bottom 94.1% in tier
  • - Institutional Decline: Bottom 100.0% in tier
  • - Membership Headwinds: Bottom 100.0% in tier
  • - ROA 0.37% below tier average
  • - Efficiency ratio 5.14% above tier (higher cost structure)
  • - Asset Growth Rate: Bottom 8.6% in tier
  • - Loan Growth Rate: Bottom 8.6% in tier
  • - Net Charge-Off Rate: Bottom 8.6% in tier

Core Metrics

As of 2025-Q4

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 317,039
-0.8% YoY-0.9% QoQ
+24.7K 292,342
-2.4% YoY
67,597
+5.2% YoY
33,374
+5.7% YoY
60%
Assets $5.1B
-1.5% YoY-0.0% QoQ
$-658.1M $5.7B
-0.2% YoY
$1.3B
+7.9% YoY
$561.6M
+9.7% YoY
Bottom 8.6% in tier
Loans $4.0B
-4.9% YoY-1.1% QoQ
$-167.9M $4.2B
-1.6% YoY
$943.7M
+8.0% YoY
$397.0M
+8.8% YoY
31%
Deposits $4.5B
+2.1% YoY+1.1% QoQ
$-348.0M $4.8B
+0.4% YoY
$1.1B
+9.4% YoY
$477.3M
+9.7% YoY
26%

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Tier 1
50+ financial metrics with peer benchmarks
Performance signatures (strengths & concerns)
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ROA 0.5%
+423.8% YoY-11.5% QoQ
-0.4% 0.8%
+27.9% YoY
0.6%
+2.5% YoY
0.7%
+15.9% YoY
17%
NIM 4.1%
+14.5% YoY+1.2% QoQ
+1.0% 3.0%
+8.0% YoY
3.7%
+4.7% YoY
3.8%
+5.1% YoY
Top 14.3% in tier
Efficiency Ratio 72.4%
+1.8% YoY+0.8% QoQ
+5.1% 67.3%
-3.7% YoY
76.6%
-1.6% YoY
79.7%
-3.3% YoY
74%
Delinquency Rate 0.7%
+15.0% YoY+25.2% QoQ
-0.1 0.8%
+17.5% YoY
0.9%
-2.6% YoY
1.3%
-2.1% YoY
54%
Loan To Share 88.8%
-6.8% YoY-2.2% QoQ
+2.9% 85.9%
-2.6% YoY
76.8%
-1.3% YoY
67.4%
-1.7% YoY
40%
AMR $26,800
-0.6% YoY+1.0% QoQ
$-7K $34,289
+3.5% YoY
$29,074
+3.3% YoY
$19,687
+2.0% YoY
20%
CD Concentration 28.2%
-4.3% YoY-0.2% QoQ
-1.0% 29.1% 22.5% 19.8% 45%
Indirect Auto % 17.7%
-19.5% YoY-5.6% QoQ
+0.6% 17.1% 16.8% 7.8% 54%

Signature Analysis

Strengths (0)

No strengths identified

Concerns (7)

Accelerating Exit Risk

decline
#1 of 2 • Bottom 0.0% in tier

Members leaving AND taking more deposits with them. This compounds quickly - urgent need for retention strategy.

Why This Signature
Member Growth (YoY): -0.76%
(Tier: 4.35%, National: 4.32%)
worse than tier avg
AMR Growth (YoY): -0.58%
(Tier: 3.92%, National: 4.00%)
worse than tier avg
2 of 68 Large CUs have this signature | 69 nationally
→ No prior data (2 CUs now) | New qualifier

Credit Quality Pressure

risk
#16 of 37 • Bottom 41.7% in tier

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

Why This Signature
Delinquency Change (YoY): 0.09% points
(Tier: 0.04% points, National: 0.06% points)
worse than tier avg
37 of 68 Large CUs have this signature | 969 nationally
→ Stable (41→37 CUs) -4 CUs YoY | Rank improving

Stagnation Risk

risk
#7 of 9 • Bottom 75.0% in tier

Membership shrinking at least 0.5% year-over-year. Declining member base creates long-term risk even if current operations appear healthy.

Why This Signature
Member Growth (YoY): -0.76%
(Tier: 4.35%, National: 4.32%)
worse than tier avg
Loan Growth (YoY): -4.89%
(Tier: 6.96%, National: 111.96%)
worse than tier avg
Delinquency Rate: 0.72%
(Tier: 0.75%, National: 1.28%)
but better than tier avg
9 of 68 Large CUs have this signature | 652 nationally
→ No prior data (9 CUs now) | New qualifier

Shrinking Wallet Share

decline
#12 of 13 • Bottom 91.7% in tier

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

Why This Signature
AMR Growth (YoY): -0.58%
(Tier: 3.92%, National: 4.00%)
worse than tier avg
13 of 68 Large CUs have this signature | 303 nationally
→ Stable (16→13 CUs) -3 CUs YoY

Indirect Auto Dependency

risk
#33 of 35 • Bottom 94.1% in tier

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

Why This Signature
Asset Growth (YoY): -1.50%
(Tier: 8.38%, National: 3.54%)
worse than tier avg
Indirect Auto %: 17.65%
(Tier: 17.09%, National: 7.78%)
worse than tier avg
Member Growth (YoY): -0.76%
(Tier: 4.35%, National: 4.32%)
worse than tier avg
35 of 68 Large CUs have this signature | 745 nationally
→ Stable (35→35 CUs) | Rank worsening

Institutional Decline

decline
#6 of 6 • Bottom 100.0% in tier

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

Why This Signature
Total Assets: $5.09B
(Tier: $7.32B, National: $561.61M)
worse than tier avg
Member Growth (YoY): -0.76%
(Tier: 4.35%, National: 4.32%)
worse than tier avg
Loan Growth (YoY): -4.89%
(Tier: 6.96%, National: 111.96%)
worse than tier avg
6 of 68 Large CUs have this signature | 277 nationally
→ No prior data (6 CUs now) | New qualifier

Membership Headwinds

decline
#9 of 9 • Bottom 100.0% in tier

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

Why This Signature
Member Growth (YoY): -0.76%
(Tier: 4.35%, National: 4.32%)
worse than tier avg
9 of 68 Large CUs have this signature | 652 nationally
→ No prior data (9 CUs now) | 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 35 peers in tier

Top Strengths (1 metrics)

5
Net Interest Margin (NIM)
profitability
Value: 4.07%
Peer Median: -
#5 of 35 Top 11.4% in 5B-7B tier

Top Weaknesses (9 metrics)

33
Asset Growth Rate
growth
Value: -1.50%
Peer Median: -
#33 of 35 Bottom 8.6% in 5B-7B tier
33
Loan Growth Rate
growth
Value: -4.89%
Peer Median: -
#33 of 35 Bottom 8.6% in 5B-7B tier
33
Net Charge-Off Rate
risk
Value: 1.21%
Peer Median: -
#33 of 35 Bottom 8.6% in 5B-7B tier
32
Deposit Growth Rate
growth
Value: 2.05%
Peer Median: -
#32 of 35 Bottom 11.4% in 5B-7B tier
32
AMR Growth Rate
growth
Value: -0.58%
Peer Median: -
#32 of 35 Bottom 11.4% in 5B-7B tier
32
Total Assets
balance_sheet
Value: $5.09B
Peer Median: -
#32 of 35 Bottom 11.4% in 5B-7B tier
31
Member Growth Rate
growth
Value: -0.76%
Peer Median: -
#31 of 35 Bottom 14.3% in 5B-7B tier
29
Return on Assets (ROA)
profitability
Value: 0.45%
Peer Median: -
#29 of 35 Bottom 20.0% in 5B-7B tier
28
Average Member Relationship (AMR)
engagement
Value: $26,800
Peer Median: -
#28 of 35 Bottom 22.9% in 5B-7B tier
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