SOVITA

Charter #60666 | MI

500M-750M (169 CUs) Community (281 CUs)
9 500M-750M in MI

SOVITA has 4 strengths but faces 10 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Relationship Depth Leader: Top 2.4% in tier
  • + Wallet Share Momentum: Top 10.7% in tier
  • + ROA 0.29% above tier average
  • + Net Worth Ratio: Top 3.6% in tier

Key Concerns

Areas that may need attention

  • - Liquidity Overhang: Bottom 1.8% in tier
  • - Stagnation Risk: Bottom 8.6% in tier
  • - Membership Headwinds: Bottom 24.9% in tier
  • - Credit Quality Pressure: Bottom 27.8% in tier
  • - Growth-at-Risk: Bottom 28.9% in tier
  • - Total Loans: Bottom 0.6% in tier
  • - Loan-to-Share Ratio: Bottom 1.2% in tier
  • - Total Members: Bottom 3.0% in tier
  • - Net Interest Margin (NIM): Bottom 4.1% in tier
  • - Members Per Employee (MPE): Bottom 8.3% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 17,882
-1.4% YoY-0.0% QoQ
 -21.9K 39,752
-2.7% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 Bottom 2.4% in tier
Assets $563.3M
+7.1% YoY+1.2% QoQ
 $-59.1M $622.4M
+0.3% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 28th in tier
Loans $137.8M
+2.0% YoY-0.2% QoQ
 $-298.2M $435.9M
-0.4% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 Bottom 0.0% in tier
Deposits $476.1M
+6.2% YoY+0.4% QoQ
 $-61.9M $538.0M
+1.3% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 Bottom 20.1% in tier
ROA 0.9%
+1.3% YoY+13.2% QoQ
 +0.3% 0.7%
+33.9% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 73rd in tier
NIM 2.4%
+8.0% YoY+1.0% QoQ
 -1.0% 3.4%
+8.6% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 Bottom 3.6% in tier
Efficiency Ratio 67.9%
+1.2% YoY-4.4% QoQ
 -10.2% 78.1%
-3.4% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 Bottom 11.8% in tier
Delinquency Rate 0.2%
+7.7% YoY-25.4% QoQ
 -0.6 0.8%
-4.9% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 Bottom 10.1% in tier
Loan To Share 28.9%
-3.9% YoY-0.6% QoQ
 -52.1% 81.0%
-1.8% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 Bottom 0.6% in tier
AMR $34,332
+6.8% YoY+0.3% QoQ
 +$8K $26,482
+2.6% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 Top 11.8% in tier
CD Concentration 18.5%
+22.9% YoY+8.7% QoQ
 -5.9% 24.4%
+4.2% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 29th in tier
Indirect Auto % 10.2%
-8.1% YoY+0.5% QoQ
 -3.8% 14.0%
-5.8% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 54th in tier

Signature Analysis

Strengths (2)

Relationship Depth Leader

growth
#66 of 1006 • Top 2.4% in tier

Average member relationship growing year-over-year. Increasing engagement suggests members are consolidating more business here.

Why This Signature
AMR Growth (YoY): 6.76%
(Tier: 3.68%, National: 4.19%)
better than tier avg
Share Draft per Member: $4.6K
(Tier: $2.8K, National: $2.0K)
better than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank improving

Wallet Share Momentum

growth
#296 of 1006 • Top 10.7% in tier

Average member relationship growing year-over-year. Members are deepening their engagement.

Why This Signature
AMR Growth (YoY): 6.76%
(Tier: 3.68%, National: 4.19%)
better than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank improving

Concerns (5)

Liquidity Overhang

risk
#29 of 552 • Bottom 1.8% in tier

Very high net worth ratio (>12%). Strong capital position may indicate opportunity to deploy capital more productively.

Why This Signature
Net Worth Ratio: 16.06%
(Tier: 11.95%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 28.94%
(Tier: 74.56%, National: 67.96%)
worse than tier avg
552 of 281 Community CUs have this signature | 691 nationally
↑ Growing +65 CUs YoY | Rank worsening

Stagnation Risk

risk
#143 of 550 • Bottom 8.6% in tier

Membership is declining. If profitability remains stable, current success may mask future risk from a shrinking member base.

Why This Signature
Return on Assets: 0.95%
(Tier: 0.77%, National: 0.71%)
but better than tier avg
Member Growth (YoY): -1.42%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $34.3K
(Tier: $25.0K, National: $19.4K)
but better than tier avg
CD Concentration: 18.51%
(Tier: 24.41%, National: 19.60%)
but better than tier avg
550 of 281 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank worsening

Membership Headwinds

decline
#411 of 550 • Bottom 24.9% in tier

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

Why This Signature
Member Growth (YoY): -1.42%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
550 of 281 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank worsening

Credit Quality Pressure

risk
#689 of 736 • Bottom 27.8% in tier

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

Why This Signature
Delinquency Change (YoY): 0.02% points
(Tier: 0.04% points, National: 0.07% points)
but better than tier avg
736 of 281 Community CUs have this signature | 1002 nationally
↓ Shrinking -199 CUs YoY | New qualifier

Growth-at-Risk

risk
#433 of 446 • Bottom 28.9% in tier

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

Why This Signature
Loan Growth (YoY): 2.03%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 0.02% points
(Tier: 0.04% points, National: 0.07% points)
but better than tier avg
446 of 281 Community CUs have this signature | 646 nationally
↓ Shrinking -77 CUs YoY | 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 169 peers in tier

Top Strengths (9 metrics)

7
Net Worth Ratio
risk
Value: 16.06%
Peer Avg: 10.94%
#7 of 169 Top 3.6% in 500M-750M tier
18
Total Delinquency Rate (60+ days)
risk
Value: 0.24%
Peer Avg: 0.80%
#18 of 169 Top 10.1% in 500M-750M tier
20
Average Member Relationship (AMR)
engagement
Value: $34,332
Peer Avg: $26,482
#20 of 169 Top 11.2% in 500M-750M tier
21
Efficiency Ratio
profitability
Value: 67.89%
Peer Avg: 78.10%
#21 of 169 Top 11.8% in 500M-750M tier
21
Net Charge-Off Rate
risk
Value: 0.10%
Peer Avg: 0.51%
#21 of 169 Top 11.8% in 500M-750M tier
26
Share Certificate Concentration (%)
balance_sheet
Value: 18.51%
Peer Avg: 26.87%
#26 of 169 Top 14.8% in 500M-750M tier
34
First Mortgage Concentration (%)
balance_sheet
Value: 19.73%
Peer Avg: 33.53%
#34 of 169 Top 19.5% in 500M-750M tier
36
AMR Growth Rate
growth
Value: 6.76%
Peer Avg: 3.12%
#36 of 169 Top 20.7% in 500M-750M tier
38
Asset Growth Rate
growth
Value: 7.14%
Peer Avg: 4.33%
#38 of 169 Top 21.9% in 500M-750M tier

Top Weaknesses (7 metrics)

169
Total Loans
balance_sheet
Value: $137.79M
Peer Avg: $435.95M
#169 of 169 Bottom 0.6% in 500M-750M tier
168
Loan-to-Share Ratio
balance_sheet
Value: 28.94%
Peer Avg: 81.02%
#168 of 169 Bottom 1.2% in 500M-750M tier
165
Total Members
engagement
Value: 17,882
Peer Avg: 39,752
#165 of 169 Bottom 3.0% in 500M-750M tier
163
Net Interest Margin (NIM)
profitability
Value: 2.43%
Peer Avg: 3.43%
#163 of 169 Bottom 4.1% in 500M-750M tier
156
Members Per Employee (MPE)
engagement
Value: 238.427
Peer Avg: 338.010
#156 of 169 Bottom 8.3% in 500M-750M tier
147
Loan-to-Member Ratio (LMR)
engagement
Value: $7,705
Peer Avg: $11,805
#147 of 169 Bottom 13.6% in 500M-750M tier
135
Total Deposits
balance_sheet
Value: $476.14M
Peer Avg: $538.02M
#135 of 169 Bottom 20.7% in 500M-750M tier