BlastPoint's Credit Union Scorecard

MICHIGAN FIRST

Charter #60522 · MI

Mid-Market 1B-3B

304 CUs in 1B-3B nationally 19 in MI

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MICHIGAN FIRST has 6 strengths but faces 11 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

+ ROA 0.10% above tier average
+ Net Interest Margin 1.04% above tier average
+ Share Certificate Concentration (%): Top 3.6% in tier
+ Net Worth Ratio: Top 5.6% in tier
+ Fee Income Per Member: Top 5.9% in tier
+ Total Members: Top 7.6% in tier

Key Concerns

Areas that may need attention

- Credit Quality Pressure: Bottom 15.6% in tier
- Margin Compression: Bottom 15.8% in tier
- Liquidity Strain: Bottom 16.2% in tier
- Efficiency Drag: Bottom 20.4% in tier
- Credit Risk Growth: Bottom 25.4% in tier
- Stagnation Risk: Bottom 30.5% in tier
- Membership Headwinds: Bottom 35.2% in tier
- Efficiency ratio 6.59% above tier (higher cost structure)
- Delinquency rate 0.29% above tier average
- Average Member Relationship (AMR): Bottom 0.7% in tier
- Loan-to-Member Ratio (LMR): Bottom 1.6% in tier

Core Metrics

As of 2025-Q3

Metric	Current	vs Tier	Tier Avg	State Avg (MI)	National Avg	Tier Percentile
Members	164,201 -0.5% YoY-0.1% QoQ	+65.5K	98,678 -1.9% YoY	35,456 +8.6% YoY	33,089 +6.1% YoY	Top 7.9% in tier
Assets	$1.5B -0.4% YoY-4.3% QoQ	$-269.1M	$1.7B +0.5% YoY	$650.8M +12.6% YoY	$547.7M +7.8% YoY	44%
Loans	$1.1B +1.1% YoY+0.4% QoQ	$-173.5M	$1.2B +0.5% YoY	$461.6M +14.9% YoY	$388.7M +8.6% YoY	46%
Deposits	$1.0B -0.1% YoY-4.6% QoQ	$-407.3M	$1.5B +1.3% YoY	$550.3M +12.5% YoY	$464.6M +9.3% YoY	24%

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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% -32.7% YoY+14.2% QoQ	+0.1%	0.7% +13.4% YoY	0.8% -27.1% YoY	0.7% +273.4% YoY	63%
NIM	4.3% +5.2% YoY+3.5% QoQ	+1.0%	3.3% +9.3% YoY	3.7% +8.5% YoY	3.7% +5.0% YoY	Top 5.3% in tier
Efficiency Ratio	80.6% +7.0% YoY-1.0% QoQ	+6.6%	74.0% -10.9% YoY	76.1% -1.3% YoY	79.1% -3.3% YoY	77%
Delinquency Rate	1.1% +11.1% YoY+10.6% QoQ	+0.3	0.8% +6.1% YoY	0.9% -19.7% YoY	1.2% -0.9% YoY	80%
Loan To Share	101.2% +1.2% YoY+5.2% QoQ	+16.0%	85.2% -0.8% YoY	68.1% +0.3% YoY	68.0% -1.7% YoY	Top 13.2% in tier
AMR	$12,829 +1.0% YoY-2.0% QoQ	$-16K	$29,172 +2.8% YoY	$22,054 +2.5% YoY	$19,418 +1.3% YoY	Bottom 0.3% in tier
CD Concentration	11.9% +14.7% YoY+5.0% QoQ	-17.1%	29.0% +0.7% YoY	18.6% +6.0% YoY	19.6% +6.2% YoY	Bottom 3.4% in tier
Indirect Auto %	5.4% +7.8% YoY-0.6% QoQ	-13.4%	18.8% -3.0% YoY	11.9% -2.7% YoY	7.9% -2.9% YoY	26%

Signature Analysis

Strengths (0)

No strengths identified

Concerns (7)

Credit Quality Pressure

risk

#120 of 217 • Bottom 15.6% in tier

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

Why This Signature

Delinquency Change (YoY): 0.11% points

(Tier: 0.07% points, National: 0.07% points)

worse than tier avg

217 of 380 Mid-Market CUs have this signature | 1002 nationally

↓ Shrinking -70 CUs YoY | Rank improving

Margin Compression

decline

#14 of 24 • Bottom 15.8% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10%. Something changed - rising costs or falling yields need addressing.

Why This Signature

Return on Assets: 0.80%

(Tier: 0.71%, National: 0.71%)

but better than tier avg

ROA (Prior Year): 1.19%

(Tier: 0.64%, National: 0.67%)

but better than tier avg

ROA Change (YoY): -0.39% points

(Tier: 0.07% points, National: 0.05% points)

worse than tier avg

24 of 380 Mid-Market CUs have this signature | 169 nationally

↓ Shrinking -16 CUs YoY | Rank improving

Liquidity Strain

risk

#86 of 183 • Bottom 16.2% in tier

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

Why This Signature

Loan-to-Share Ratio: 101.20%

(Tier: 86.32%, National: 67.96%)

but better than tier avg

Loan Growth (YoY): 1.14%

(Tier: 6.14%, National: 36.38%)

worse than tier avg

183 of 380 Mid-Market CUs have this signature | 484 nationally

↑ Growing +10 CUs YoY | Rank worsening

Efficiency Drag

risk

#68 of 96 • Bottom 20.4% in tier

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

Why This Signature

Efficiency Ratio: 80.57%

(Tier: 73.43%, National: 79.10%)

worse than tier avg

ROA Change (YoY): -0.39% points

(Tier: 0.07% points, National: 0.05% points)

worse than tier avg

Member Growth (YoY): -0.51%

(Tier: 3.18%, National: 9.37%)

worse than tier avg

96 of 380 Mid-Market CUs have this signature | 624 nationally

↓ Shrinking -32 CUs YoY | New qualifier

Credit Risk Growth

risk

#142 of 161 • Bottom 25.4% in tier

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

Why This Signature

Loan Growth (YoY): 1.14%

(Tier: 6.14%, National: 36.38%)

worse than tier avg

Delinquency Change (YoY): 0.11% points

(Tier: 0.07% points, National: 0.07% points)

worse than tier avg

161 of 380 Mid-Market CUs have this signature | 646 nationally

↓ Shrinking -30 CUs YoY | New qualifier

Stagnation Risk

risk

#74 of 85 • Bottom 30.5% in tier

Membership declining year-over-year. Shrinking member base creates long-term risk even if current operations appear healthy.

Why This Signature

Member Growth (YoY): -0.51%

(Tier: 3.18%, National: 9.37%)

worse than tier avg

Loan Growth (YoY): 1.14%

(Tier: 6.14%, National: 36.38%)

worse than tier avg

Delinquency Rate: 1.12%

(Tier: 0.83%, National: 1.23%)

worse than tier avg

85 of 380 Mid-Market CUs have this signature | 648 nationally

↑ Growing +6 CUs YoY | Rank worsening

Membership Headwinds

decline

#85 of 85 • Bottom 35.2% in tier

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

Why This Signature

Member Growth (YoY): -0.51%

(Tier: 3.18%, National: 9.37%)

worse than tier avg

85 of 380 Mid-Market CUs have this signature | 648 nationally

↑ Growing +6 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)

Compare against:

Comparing against 304 peers in tier

Top Strengths (6 metrics)

Share Certificate Concentration (%)

balance_sheet

Value: 11.88%

Peer Avg: -

#12 of 304 Top 3.6% in 1B-3B tier

Net Interest Margin (NIM)

profitability

Value: 4.30%

Peer Avg: -

#16 of 304 Top 4.9% in 1B-3B tier

Net Worth Ratio

risk

Value: 15.80%

Peer Avg: -

#18 of 304 Top 5.6% in 1B-3B tier

Fee Income Per Member

profitability

Value: $338.50

Peer Avg: -

#19 of 304 Top 5.9% in 1B-3B tier

Total Members

engagement

Value: 164,201

Peer Avg: -

#24 of 304 Top 7.6% in 1B-3B tier

Loan-to-Share Ratio

balance_sheet

Value: 101.20%

Peer Avg: -

#40 of 304 Top 12.8% in 1B-3B tier

Top Weaknesses (8 metrics)

303

Average Member Relationship (AMR)

engagement

Value: $12,829

Peer Avg: -

#303 of 304 Bottom 0.7% in 1B-3B tier

300

Loan-to-Member Ratio (LMR)

engagement

Value: $6,453

Peer Avg: -

#300 of 304 Bottom 1.6% in 1B-3B tier

260

Net Charge-Off Rate

risk

Value: 1.01%

Peer Avg: -

#260 of 304 Bottom 14.8% in 1B-3B tier

259

Deposit Growth Rate

growth

Value: -0.08%

Peer Avg: -

#259 of 304 Bottom 15.1% in 1B-3B tier

253

Asset Growth Rate

growth

Value: -0.41%

Peer Avg: -

#253 of 304 Bottom 17.1% in 1B-3B tier

245

Total Delinquency Rate (60+ days)

risk

Value: 1.12%

Peer Avg: -

#245 of 304 Bottom 19.7% in 1B-3B tier

235

Efficiency Ratio

profitability

Value: 80.57%

Peer Avg: -

#235 of 304 Bottom 23.0% in 1B-3B tier

232

Total Deposits

balance_sheet

Value: $1.05B

Peer Avg: -

#232 of 304 Bottom 24.0% in 1B-3B tier