SECURITY

Charter #61159 | MI

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

SECURITY has 5 strengths but faces 9 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Engine: Top 31.7% in tier
  • + Wallet Share Momentum: Top 34.4% in tier
  • + Relationship Depth Leader: Top 35.4% in tier
  • + Net Interest Margin 1.20% above tier average
  • + First Mortgage Concentration (%): Top 6.5% in tier

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 2.8% in tier
  • - Growth-at-Risk: Bottom 10.7% in tier
  • - Indirect Auto Dependency: Bottom 24.0% in tier
  • - Efficiency Drag: Bottom 24.0% in tier
  • - Liquidity Strain: Bottom 30.8% in tier
  • - ROA 0.48% below tier average
  • - Efficiency ratio 3.23% above tier (higher cost structure)
  • - Delinquency rate 1.15% above tier average
  • - Total Delinquency Rate (60+ days): Bottom 4.1% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 53,663
+2.0% YoY+0.9% QoQ
 +13.9K 39,752
-2.7% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 Top 10.7% in tier
Assets $628.5M
-1.8% YoY-0.8% QoQ
 +$6.2M $622.4M
+0.3% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 52nd in tier
Loans $509.4M
+2.9% YoY+1.5% QoQ
 +$73.4M $435.9M
-0.4% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 74th in tier
Deposits $559.5M
+3.5% YoY-1.0% QoQ
 +$21.5M $538.0M
+1.3% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 63rd in tier
ROA 0.2%
-58.1% YoY+11.1% QoQ
 -0.5% 0.7%
+33.9% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 Bottom 13.0% in tier
NIM 4.6%
+11.3% YoY+1.1% QoQ
 +1.2% 3.4%
+8.6% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 Top 3.6% in tier
Efficiency Ratio 81.3%
-2.7% YoY-1.6% QoQ
 +3.2% 78.1%
-3.4% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 66th in tier
Delinquency Rate 2.0%
+68.2% YoY-1.4% QoQ
 +1.2 0.8%
-4.9% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 Top 4.1% in tier
Loan To Share 91.0%
-0.6% YoY+2.6% QoQ
 +10.0% 81.0%
-1.8% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 73rd in tier
AMR $19,918
+1.2% YoY-0.7% QoQ
 $-7K $26,482
+2.6% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 Bottom 16.6% in tier
CD Concentration 19.2%
+13.7% YoY+4.6% QoQ
 -5.2% 24.4%
+4.2% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 31st in tier
Indirect Auto % 37.8%
+9.2% YoY+2.5% QoQ
 +23.9% 14.0%
-5.8% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 Top 10.4% in tier

Signature Analysis

Strengths (3)

Organic Growth Engine

growth
#582 of 603 • Top 31.7% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 1.99%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Return on Assets: 0.18%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 37.84%
(Tier: 13.96%, National: 7.90%)
but worse than tier avg
603 of 281 Community CUs have this signature | 917 nationally
→ Stable (608→603 CUs) -5 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#948 of 1006 • Top 34.4% in tier

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

Why This Signature
AMR Growth (YoY): 1.17%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Relationship Depth Leader

growth
#977 of 1006 • Top 35.4% in tier

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

Why This Signature
AMR Growth (YoY): 1.17%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $1.9K
(Tier: $2.8K, National: $2.0K)
but worse than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Concerns (5)

Credit Quality Pressure

risk
#71 of 736 • Bottom 2.8% in tier

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

Why This Signature
Delinquency Change (YoY): 0.79% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
736 of 281 Community CUs have this signature | 1002 nationally
↓ Shrinking -199 CUs YoY | Rank improving

Growth-at-Risk

risk
#161 of 446 • Bottom 10.7% in tier

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

Why This Signature
Loan Growth (YoY): 2.87%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 0.79% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
446 of 281 Community CUs have this signature | 646 nationally
↓ Shrinking -77 CUs YoY | Rank worsening

Indirect Auto Dependency

risk
#386 of 525 • Bottom 24.0% 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: 4.61%, National: 3.04%)
worse than tier avg
Indirect Auto %: 37.84%
(Tier: 13.96%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 1.99%
(Tier: 0.88%, National: 9.37%)
but better than tier avg
525 of 281 Community CUs have this signature | 768 nationally
↓ Shrinking -18 CUs YoY | Rank worsening

Efficiency Drag

risk
#424 of 521 • Bottom 24.0% in tier

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

Why This Signature
Efficiency Ratio: 81.33%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): -0.25% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Member Growth (YoY): 1.99%
(Tier: 0.88%, National: 9.37%)
but better than tier avg
521 of 281 Community CUs have this signature | 624 nationally
↓ Shrinking -113 CUs YoY | Rank worsening

Liquidity Strain

risk
#239 of 258 • Bottom 30.8% in tier

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

Why This Signature
Loan-to-Share Ratio: 91.04%
(Tier: 74.56%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): 2.87%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
258 of 281 Community CUs have this signature | 484 nationally
↓ Shrinking -28 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 169 peers in tier

Top Strengths (4 metrics)

6
Net Interest Margin (NIM)
profitability
Value: 4.63%
Peer Avg: 3.43%
#6 of 169 Top 3.0% in 500M-750M tier
12
First Mortgage Concentration (%)
balance_sheet
Value: 13.00%
Peer Avg: 33.53%
#12 of 169 Top 6.5% in 500M-750M tier
18
Total Members
engagement
Value: 53,663
Peer Avg: 39,752
#18 of 169 Top 10.1% in 500M-750M tier
30
Share Certificate Concentration (%)
balance_sheet
Value: 19.18%
Peer Avg: 26.87%
#30 of 169 Top 17.2% in 500M-750M tier

Top Weaknesses (6 metrics)

163
Total Delinquency Rate (60+ days)
risk
Value: 1.95%
Peer Avg: 0.80%
#163 of 169 Bottom 4.1% in 500M-750M tier
150
Indirect Auto Concentration (%)
balance_sheet
Value: 37.84%
Peer Avg: 16.19%
#150 of 169 Bottom 11.8% in 500M-750M tier
147
Return on Assets (ROA)
profitability
Value: 0.18%
Peer Avg: 0.66%
#147 of 169 Bottom 13.6% in 500M-750M tier
147
Net Charge-Off Rate
risk
Value: 0.96%
Peer Avg: 0.51%
#147 of 169 Bottom 13.6% in 500M-750M tier
143
Asset Growth Rate
growth
Value: -1.76%
Peer Avg: 4.33%
#143 of 169 Bottom 16.0% in 500M-750M tier
141
Average Member Relationship (AMR)
engagement
Value: $19,918
Peer Avg: $26,482
#141 of 169 Bottom 17.2% in 500M-750M tier