WASHINGTON STATE EMPLOYEES

Charter #60042 | WA

5B-7B (34 CUs) Large (64 CUs)
3 5B-7B in WA

WASHINGTON STATE EMPLOYEES has 2 strengths but faces 10 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 32.2% in tier
  • + Net Interest Margin 1.12% above tier average

Key Concerns

Areas that may need attention

  • - Shrinking Wallet Share: Bottom 18.8% in tier
  • - Indirect Auto Dependency: Bottom 29.3% in tier
  • - Liquidity Strain: Bottom 36.5% in tier
  • - ROA 0.29% below tier average
  • - Efficiency ratio 3.69% above tier (higher cost structure)
  • - Asset Growth Rate: Bottom 5.9% in tier
  • - Loan Growth Rate: Bottom 5.9% in tier
  • - AMR Growth Rate: Bottom 8.8% in tier
  • - Net Charge-Off Rate: Bottom 8.8% in tier
  • - Total Assets: Bottom 8.8% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 319,868
+0.0% YoY-0.1% QoQ
 +30.1K 289,724
-2.8% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 59th in tier
Assets $5.1B
-3.2% YoY-0.6% QoQ
 $-706.5M $5.8B
+0.2% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 Bottom 5.9% in tier
Loans $4.0B
-5.0% YoY-0.5% QoQ
 $-42.3M $4.1B
-3.1% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 38th in tier
Deposits $4.4B
+2.1% YoY+0.5% QoQ
 $-438.3M $4.9B
+2.2% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 Bottom 23.5% in tier
ROA 0.5%
+176.0% YoY+15.4% QoQ
 -0.3% 0.8%
+15.5% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 Bottom 17.6% in tier
NIM 4.0%
+15.5% YoY+2.9% QoQ
 +1.1% 2.9%
+3.9% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 Top 5.9% in tier
Efficiency Ratio 71.8%
+0.4% YoY+0.3% QoQ
 +3.7% 68.1%
-1.7% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 71st in tier
Delinquency Rate 0.6%
-0.2% YoY+11.3% QoQ
 -0.0 0.6%
-2.2% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 41st in tier
Loan To Share 90.8%
-6.9% YoY-0.9% QoQ
 +7.2% 83.6%
-5.7% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 50th in tier
AMR $26,543
-1.4% YoY+0.1% QoQ
 $-8K $34,398
+4.0% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 Bottom 20.6% in tier
CD Concentration 28.2%
-5.6% YoY-1.3% QoQ
 -0.6% 28.9%
-1.3% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 48th in tier
Indirect Auto % 18.7%
-19.3% YoY-5.6% QoQ
 +2.1% 16.6%
-10.3% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 56th in tier

Signature Analysis

Strengths (1)

Emerging Performer

growth
#29 of 31 • Top 32.2% in tier

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

Why This Signature
Return on Assets: 0.51%
(Tier: 0.91%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): 0.05%
(Tier: 3.07%, National: 9.37%)
but worse than tier avg
31 of 64 Large CUs have this signature | 852 nationally
→ Stable (27→31 CUs) +4 CUs YoY

Concerns (3)

Shrinking Wallet Share

decline
#10 of 15 • Bottom 18.8% in tier

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

Why This Signature
AMR Growth (YoY): -1.45%
(Tier: 2.82%, National: 4.19%)
worse than tier avg
15 of 64 Large CUs have this signature | 346 nationally
↓ Shrinking -6 CUs YoY

Indirect Auto Dependency

risk
#30 of 33 • Bottom 29.3% in tier

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

Why This Signature
Asset Growth (YoY): -3.19%
(Tier: 4.60%, National: 3.04%)
worse than tier avg
Indirect Auto %: 18.70%
(Tier: 16.60%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 0.05%
(Tier: 3.07%, National: 9.37%)
worse than tier avg
33 of 64 Large CUs have this signature | 768 nationally
→ Stable (34→33 CUs) -1 CUs YoY | Rank worsening

Liquidity Strain

risk
#32 of 32 • Bottom 36.5% in tier

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

Why This Signature
Loan-to-Share Ratio: 90.80%
(Tier: 84.48%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): -4.96%
(Tier: 4.99%, National: 36.38%)
worse than tier avg
32 of 64 Large CUs have this signature | 484 nationally
→ Stable (27→32 CUs) +5 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 34 peers in tier

Top Strengths (1 metrics)

2
Net Interest Margin (NIM)
profitability
Value: 4.02%
Peer Avg: 2.90%
#2 of 34 Top 2.9% in 5B-7B tier

Top Weaknesses (9 metrics)

33
Asset Growth Rate
growth
Value: -3.19%
Peer Avg: 6.10%
#33 of 34 Bottom 5.9% in 5B-7B tier
33
Loan Growth Rate
growth
Value: -4.96%
Peer Avg: 5.95%
#33 of 34 Bottom 5.9% in 5B-7B tier
32
AMR Growth Rate
growth
Value: -1.45%
Peer Avg: 3.75%
#32 of 34 Bottom 8.8% in 5B-7B tier
32
Net Charge-Off Rate
risk
Value: 1.14%
Peer Avg: 0.57%
#32 of 34 Bottom 8.8% in 5B-7B tier
32
Total Assets
balance_sheet
Value: $5.09B
Peer Avg: $5.79B
#32 of 34 Bottom 8.8% in 5B-7B tier
31
Deposit Growth Rate
growth
Value: 2.07%
Peer Avg: 8.13%
#31 of 34 Bottom 11.8% in 5B-7B tier
29
Member Growth Rate
growth
Value: 0.05%
Peer Avg: 3.26%
#29 of 34 Bottom 17.6% in 5B-7B tier
28
Return on Assets (ROA)
profitability
Value: 0.51%
Peer Avg: 0.80%
#28 of 34 Bottom 20.6% in 5B-7B tier
27
Average Member Relationship (AMR)
engagement
Value: $26,543
Peer Avg: $34,398
#27 of 34 Bottom 23.5% in 5B-7B tier