BlastPoint's Credit Union Scorecard

MICHIGAN FIRST

Charter #60522 · MI

Mid-Market 1B-3B

306 CUs in 1B-3B nationally 21 in MI

View Mid-Market leaderboard →

MICHIGAN FIRST has 5 strengths but faces 8 concerns

National Analysis

How does the industry compare?

Mid-Market Tier

What's your peer group doing?

MI Analysis

How does MI stack up?

Key Strengths

Areas where this CU excels compared to peers

+ Net Interest Margin 0.94% above tier average
+ Fee Income Per Member: Top 3.3% in tier
+ Share Certificate Concentration (%): Top 3.3% in tier
+ Net Worth Ratio: Top 7.5% in tier
+ Total Members: Top 7.5% in tier

Key Concerns

Areas that may need attention

- Liquidity Strain: Bottom 20.1% in tier
- Efficiency Drag: Bottom 24.8% in tier
- Credit Quality Pressure: Bottom 48.7% in tier
- Credit Risk Growth: Bottom 73.4% in tier
- Stagnation Risk: Bottom 84.5% in tier
- Membership Headwinds: Bottom 84.5% in tier
- Efficiency ratio 5.79% above tier (higher cost structure)
- Delinquency rate 0.28% above tier average

Core Metrics

As of 2026-Q1

Metric	Current	vs Tier	Tier Avg	State Avg (MI)	National Avg	Tier Percentile
Members	162,645 -1.9% YoY-0.3% QoQ	+66.6K	96,048 -2.7% YoY	36,022 +6.3% YoY	33,913 +5.7% YoY	Top 7.8% in tier
Assets	$1.5B -1.2% YoY+1.8% QoQ	$-217.9M	$1.7B +0.4% YoY	$705.1M +14.1% YoY	$578.3M +9.0% YoY	48%
Loans	$1.1B +1.6% YoY-0.6% QoQ	$-156.0M	$1.2B +0.2% YoY	$480.6M +13.6% YoY	$402.4M +8.7% YoY	45%
Deposits	$1.1B -0.2% YoY+3.3% QoQ	$-360.2M	$1.5B +0.5% YoY	$601.5M +14.1% YoY	$494.3M +9.1% YoY	30%

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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	0.8% +11.9% YoY+4.3% QoQ	+0.0%	0.7% +27.6% YoY	0.9% +85.7% YoY	0.4% -39.2% YoY	59%
NIM	4.3% +4.0% YoY-2.7% QoQ	+0.9%	3.4% +6.2% YoY	3.7% +3.8% YoY	3.8% +4.1% YoY	Top 5.9% in tier
Efficiency Ratio	80.4% -2.8% YoY-0.7% QoQ	+5.8%	74.6% -3.0% YoY	75.8% -7.1% YoY	84.6% +2.8% YoY	74%
Delinquency Rate	1.0% +3.9% YoY-5.8% QoQ	+0.3	0.8% +6.9% YoY	0.7% -7.8% YoY	1.2% +3.4% YoY	80%
Loan To Share	95.7% +1.8% YoY-3.7% QoQ	+12.5%	83.2% -0.4% YoY	65.1% -0.0% YoY	65.6% -1.4% YoY	83%
AMR	$13,300 +2.6% YoY+1.7% QoQ	$-16K	$29,652 +2.3% YoY	$22,971 +5.9% YoY	$19,920 +1.6% YoY	Bottom 0.3% in tier
CD Concentration	11.3% +4.1% YoY-3.5% QoQ	-17.6%	28.8%	18.6%	19.8%	Bottom 3.1% in tier
Indirect Auto %	5.5% +3.6% YoY+0.8% QoQ	-12.6%	18.1%	11.7%	7.7%	26%

Signature Analysis

Strengths (0)

No strengths identified

Concerns (6)

Stagnation Risk

risk

#43 of 91 • Bottom 84.5% 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): -1.85%

(Tier: 3.50%, National: 10.19%)

worse than tier avg

Loan Growth (YoY): 1.57%

(Tier: 6.71%, National: 1.74%)

worse than tier avg

Delinquency Rate: 1.03%

(Tier: 0.75%, National: 1.19%)

worse than tier avg

91 of 384 Mid-Market CUs have this signature | 676 nationally

→ No prior data (91 CUs now) | New qualifier

Efficiency Drag

risk

#62 of 100 • Bottom 24.8% in tier

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

Why This Signature

Efficiency Ratio: 80.42%

(Tier: 73.98%, National: 84.64%)

worse than tier avg

ROA Change (YoY): 0.08% points

(Tier: 0.14% points, National: -0.45% points)

worse than tier avg

Member Growth (YoY): -1.85%

(Tier: 3.50%, National: 10.19%)

worse than tier avg

100 of 384 Mid-Market CUs have this signature | 702 nationally

↓ Shrinking -38 CUs YoY | Rank improving

Membership Headwinds

decline

#60 of 91 • Bottom 84.5% in tier

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

Why This Signature

Member Growth (YoY): -1.85%

(Tier: 3.50%, National: 10.19%)

worse than tier avg

91 of 384 Mid-Market CUs have this signature | 676 nationally

→ No prior data (91 CUs now) | New qualifier

Liquidity Strain

risk

#101 of 148 • Bottom 20.1% in tier

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

Why This Signature

Loan-to-Share Ratio: 95.69%

(Tier: 84.20%, National: 65.58%)

but better than tier avg

Loan Growth (YoY): 1.57%

(Tier: 6.71%, National: 1.74%)

worse than tier avg

148 of 384 Mid-Market CUs have this signature | 367 nationally

→ Stable (149→148 CUs) -1 CUs YoY | Rank worsening

Credit Quality Pressure

risk

#185 of 225 • Bottom 48.7% in tier

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

Why This Signature

Delinquency Change (YoY): 0.04% points

(Tier: 0.06% points, National: 0.12% points)

but better than tier avg

225 of 384 Mid-Market CUs have this signature | 1013 nationally

→ Stable (228→225 CUs) -3 CUs YoY | New qualifier

Credit Risk Growth

risk

#175 of 183 • Bottom 73.4% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

Why This Signature

Loan Growth (YoY): 1.57%

(Tier: 6.71%, National: 1.74%)

worse than tier avg

Delinquency Change (YoY): 0.04% points

(Tier: 0.06% points, National: 0.12% points)

but better than tier avg

183 of 384 Mid-Market CUs have this signature | 710 nationally

→ No prior data (183 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)

Compare against:

Comparing against 306 peers in tier

Top Strengths (6 metrics)

Fee Income Per Member

profitability

Value: $385.23

Peer Median: $191.54

#11 of 306 Top 3.3% in 1B-3B tier

Share Certificate Concentration (%)

balance_sheet

Value: 11.29%

Peer Median: 27.93%

#11 of 306 Top 3.3% in 1B-3B tier

Net Interest Margin (NIM)

profitability

Value: 4.29%

Peer Median: 3.37%

#18 of 306 Top 5.6% in 1B-3B tier

Net Worth Ratio

risk

Value: 15.57%

Peer Median: 10.85%

#24 of 306 Top 7.5% in 1B-3B tier

Total Members

engagement

Value: 162,645

Peer Median: 85,918

#24 of 306 Top 7.5% in 1B-3B tier

Loan-to-Share Ratio

balance_sheet

Value: 95.69%

Peer Median: 85.31%

#53 of 306 Top 17.0% in 1B-3B tier

Top Weaknesses (7 metrics)

305

Average Member Relationship (AMR)

engagement

Value: $13,300

Peer Median: $28,178

#305 of 306 Bottom 0.7% in 1B-3B tier

303

Loan-to-Member Ratio (LMR)

engagement

Value: $6,503

Peer Median: $12,733

#303 of 306 Bottom 1.3% in 1B-3B tier

278

Asset Growth Rate

growth

Value: -1.17%

Peer Median: 4.82%

#278 of 306 Bottom 9.5% in 1B-3B tier

276

Net Charge-Off Rate

risk

Value: 1.11%

Peer Median: 0.51%

#276 of 306 Bottom 10.1% in 1B-3B tier

271

Deposit Growth Rate

growth

Value: -0.20%

Peer Median: 4.44%

#271 of 306 Bottom 11.8% in 1B-3B tier

255

Member Growth Rate

growth

Value: -1.85%

Peer Median: 2.03%

#255 of 306 Bottom 17.0% in 1B-3B tier

246

Total Delinquency Rate (60+ days)

risk

Value: 1.03%

Peer Median: 0.63%

#246 of 306 Bottom 19.9% in 1B-3B tier