BlastPoint's Credit Union Scorecard

WASHINGTON STATE EMPLOYEES

Charter #60042 · WA

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

Key Strengths

Areas where this CU excels compared to peers

  • + Net Interest Margin 0.91% above tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 7.8% in tier
  • - Shrinking Wallet Share: Bottom 82.8% in tier
  • - Indirect Auto Dependency: Bottom 96.9% in tier
  • - ROA 0.90% below tier average
  • - Efficiency ratio 11.87% above tier (higher cost structure)
  • - Asset Growth Rate: Bottom 8.1% in tier
  • - Loan Growth Rate: Bottom 8.1% in tier

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 319,691
-0.1% YoY+0.8% QoQ
+11.9K 307,793
+7.6% YoY
67,148
+4.0% YoY
33,913
+5.7% YoY
60%
Assets $5.1B
-1.8% YoY+0.4% QoQ
$-660.1M $5.8B
-0.2% YoY
$1.3B
+6.8% YoY
$578.3M
+9.0% YoY
Bottom 10.8% in tier
Loans $3.9B
-4.2% YoY-1.5% QoQ
$-218.1M $4.2B
+0.4% YoY
$931.6M
+6.7% YoY
$402.4M
+8.7% YoY
35%
Deposits $4.6B
+2.1% YoY+1.7% QoQ
$-320.6M $4.9B
+0.2% YoY
$1.1B
+7.7% YoY
$494.3M
+9.1% YoY
24%

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Tier 1
50+ financial metrics with peer benchmarks
Performance signatures (strengths & concerns)
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ROA -0.0%
-116.6% YoY-108.3% QoQ
-0.9% 0.9%
+47.0% YoY
0.5%
+1.1% YoY
0.4%
-39.2% YoY
Bottom 0.1% in tier
NIM 4.1%
+6.0% YoY-0.3% QoQ
+0.9% 3.2%
+9.8% YoY
3.7%
+3.5% YoY
3.8%
+4.1% YoY
Top 13.5% in tier
Efficiency Ratio 78.5%
+6.8% YoY+8.3% QoQ
+11.9% 66.6%
-11.0% YoY
78.0%
-0.9% YoY
84.6%
+2.8% YoY
Bottom 13.5% in tier
Delinquency Rate 0.7%
+79.3% YoY-4.3% QoQ
+0.0 0.7%
+23.3% YoY
0.9%
+10.5% YoY
1.2%
+3.4% YoY
60%
Loan To Share 86.1%
-6.1% YoY-3.1% QoQ
+1.3% 84.7%
-0.7% YoY
74.8%
-1.7% YoY
65.6%
-1.4% YoY
40%
AMR $26,625
-0.9% YoY-0.7% QoQ
$-6K $32,237
-7.3% YoY
$29,247
+2.9% YoY
$19,920
+1.6% YoY
22%
CD Concentration 28.1%
-1.0% YoY-0.3% QoQ
-0.5% 28.6% 22.5% 19.8% 46%
Indirect Auto % 16.9%
-19.0% YoY-4.3% QoQ
+0.5% 16.4% 16.1% 7.7% 53%

Signature Analysis

Strengths (0)

No strengths identified

Concerns (3)

Credit Quality Pressure

risk
#5 of 42 • Bottom 7.8% in tier

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

Why This Signature
Delinquency Change (YoY): 0.31% points
(Tier: 0.06% points, National: 0.12% points)
worse than tier avg
42 of 66 Large CUs have this signature | 1013 nationally
→ Stable (39→42 CUs) +3 CUs YoY | New qualifier

Shrinking Wallet Share

decline
#12 of 13 • Bottom 82.8% in tier

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

Why This Signature
AMR Growth (YoY): -0.88%
(Tier: 4.10%, National: 6.36%)
worse than tier avg
13 of 66 Large CUs have this signature | 335 nationally
→ Stable (14→13 CUs) -1 CUs YoY | Rank worsening

Indirect Auto Dependency

risk
#32 of 34 • Bottom 96.9% in tier

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

Why This Signature
Asset Growth (YoY): -1.76%
(Tier: 8.53%, National: 1663.40%)
worse than tier avg
Indirect Auto %: 16.89%
(Tier: 16.37%, National: 7.73%)
worse than tier avg
Member Growth (YoY): -0.06%
(Tier: 4.32%, National: 10.19%)
worse than tier avg
34 of 66 Large CUs have this signature | 745 nationally
→ Stable (34→34 CUs) | 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 37 peers in tier

Top Strengths (1 metrics)

5
Net Interest Margin (NIM)
profitability
Value: 4.06%
Peer Median: 3.16%
#5 of 37 Top 10.8% in 5B-7B tier

Top Weaknesses (10 metrics)

37
Return on Assets (ROA)
profitability
Value: -0.04%
Peer Median: 0.75%
#37 of 37 Bottom 2.7% in 5B-7B tier
35
Asset Growth Rate
growth
Value: -1.76%
Peer Median: 7.02%
#35 of 37 Bottom 8.1% in 5B-7B tier
35
Loan Growth Rate
growth
Value: -4.19%
Peer Median: 4.82%
#35 of 37 Bottom 8.1% in 5B-7B tier
34
Deposit Growth Rate
growth
Value: 2.05%
Peer Median: 7.47%
#34 of 37 Bottom 10.8% in 5B-7B tier
34
Net Charge-Off Rate
risk
Value: 1.18%
Peer Median: 0.58%
#34 of 37 Bottom 10.8% in 5B-7B tier
33
Efficiency Ratio
profitability
Value: 78.45%
Peer Median: 68.24%
#33 of 37 Bottom 13.5% in 5B-7B tier
33
Total Assets
balance_sheet
Value: $5.11B
Peer Median: $5.68B
#33 of 37 Bottom 13.5% in 5B-7B tier
32
AMR Growth Rate
growth
Value: -0.88%
Peer Median: 2.98%
#32 of 37 Bottom 16.2% in 5B-7B tier
30
Member Growth Rate
growth
Value: -0.06%
Peer Median: 2.61%
#30 of 37 Bottom 21.6% in 5B-7B tier
29
Average Member Relationship (AMR)
engagement
Value: $26,625
Peer Median: $29,948
#29 of 37 Bottom 24.3% in 5B-7B tier
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