ELGA

Charter #61797 | MI

1B-3B (304 CUs) Mid-Market (380 CUs)
19 1B-3B in MI

ELGA has 12 strengths but faces 8 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 0.0% in tier
  • + Organic Growth Engine: Top 0.1% in tier
  • + ROA 0.99% above tier average
  • + Net Interest Margin 0.81% above tier average
  • + Strong member growth: 10.9% YoY
  • + Net Worth Ratio: Top 0.3% in tier
  • + Fee Income Per Member: Top 2.0% in tier
  • + Deposit Growth Rate: Top 3.0% in tier
  • + Member Growth Rate: Top 4.3% in tier
  • + Asset Growth Rate: Top 4.3% in tier
  • + Efficiency Ratio: Top 4.9% in tier
  • + Share Certificate Concentration (%): Top 7.6% in tier

Key Concerns

Areas that may need attention

  • - Margin Compression: Bottom 2.4% in tier
  • - Liquidity Overhang: Bottom 6.5% in tier
  • - Indirect Auto Dependency: Bottom 16.1% in tier
  • - Shrinking Wallet Share: Bottom 17.5% in tier
  • - Liquidity Strain: Bottom 33.6% in tier
  • - Delinquency rate 1.04% above tier average
  • - Total Delinquency Rate (60+ days): Bottom 4.9% in tier
  • - Net Charge-Off Rate: Bottom 6.9% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 109,101
+10.9% YoY+8.4% QoQ
 +10.4K 98,678
-1.9% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 66th in tier
Assets $1.8B
+13.8% YoY+9.6% QoQ
 +$42.9M $1.7B
+0.5% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 61st in tier
Loans $1.2B
-0.2% YoY+1.9% QoQ
 $-33.5M $1.2B
+0.5% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 59th in tier
Deposits $1.3B
+17.7% YoY+11.7% QoQ
 $-137.3M $1.5B
+1.3% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 51st in tier
ROA 1.7%
-17.3% YoY+6.8% QoQ
 +1.0% 0.7%
+13.4% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 Top 2.6% in tier
NIM 4.1%
-5.5% YoY-3.4% QoQ
 +0.8% 3.3%
+9.3% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 Top 8.6% in tier
Efficiency Ratio 59.0%
+8.8% YoY-0.3% QoQ
 -14.9% 74.0%
-10.9% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 Bottom 4.9% in tier
Delinquency Rate 1.9%
-18.1% YoY-6.4% QoQ
 +1.0 0.8%
+6.1% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 Top 4.9% in tier
Loan To Share 91.1%
-15.2% YoY-8.7% QoQ
 +5.9% 85.2%
-0.8% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 59th in tier
AMR $23,067
-2.2% YoY-1.5% QoQ
 $-6K $29,172
+2.8% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 Bottom 22.0% in tier
CD Concentration 15.7%
+28.2% YoY+11.9% QoQ
 -13.3% 29.0%
+0.8% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 Bottom 7.1% in tier
Indirect Auto % 21.7%
-4.5% YoY-1.1% QoQ
 +2.9% 18.8%
-2.8% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 61st in tier

Signature Analysis

Strengths (2)

Emerging Performer

growth
#1 of 184 • Top 0.0% in tier

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

Why This Signature
Return on Assets: 1.69%
(Tier: 0.71%, National: 0.71%)
better than tier avg
Member Growth (YoY): 10.87%
(Tier: 3.18%, National: 9.37%)
better than tier avg
184 of 380 Mid-Market CUs have this signature | 852 nationally
↑ Growing +18 CUs YoY

Organic Growth Engine

growth
#2 of 246 • Top 0.1% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 10.87%
(Tier: 3.18%, National: 9.37%)
better than tier avg
Return on Assets: 1.69%
(Tier: 0.71%, National: 0.71%)
better than tier avg
Indirect Auto %: 21.65%
(Tier: 18.80%, National: 7.90%)
but worse than tier avg
246 of 380 Mid-Market CUs have this signature | 917 nationally
↑ Growing +14 CUs YoY | Rank improving

Concerns (5)

Margin Compression

decline
#3 of 24 • Bottom 2.4% in tier

Strong profitability track record but margins eroding. Something changed - rising costs or falling yields need addressing.

Why This Signature
Return on Assets: 1.69%
(Tier: 0.71%, National: 0.71%)
but better than tier avg
ROA Change (YoY): -0.35% points
(Tier: 0.07% points, National: 0.05% points)
worse than tier avg
Total Assets: $1.76B
(Tier: $1.72B, National: $547.69M)
but better than tier avg
24 of 380 Mid-Market CUs have this signature | 169 nationally
↓ Shrinking -16 CUs YoY | New qualifier

Liquidity Overhang

risk
#22 of 113 • Bottom 6.5% 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: 24.33%
(Tier: 11.30%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 91.08%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
113 of 380 Mid-Market CUs have this signature | 691 nationally
↑ Growing +9 CUs YoY | Rank improving

Indirect Auto Dependency

risk
#100 of 202 • Bottom 16.1% in tier

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

Why This Signature
Asset Growth (YoY): 13.77%
(Tier: 5.36%, National: 3.04%)
but better than tier avg
Indirect Auto %: 21.65%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 10.87%
(Tier: 3.18%, National: 9.37%)
but better than tier avg
202 of 380 Mid-Market CUs have this signature | 768 nationally
↓ Shrinking -7 CUs YoY | Rank improving

Shrinking Wallet Share

decline
#54 of 83 • Bottom 17.5% in tier

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

Why This Signature
AMR Growth (YoY): -2.24%
(Tier: 3.04%, National: 4.19%)
worse than tier avg
83 of 380 Mid-Market CUs have this signature | 346 nationally
↓ Shrinking -55 CUs YoY | Rank improving

Liquidity Strain

risk
#177 of 183 • Bottom 33.6% in tier

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

Why This Signature
Loan-to-Share Ratio: 91.08%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): -0.24%
(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

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 304 peers in tier

Top Strengths (10 metrics)

2
Net Worth Ratio
risk
Value: 24.33%
Peer Avg: 11.44%
#2 of 304 Top 0.3% in 1B-3B tier
7
Fee Income Per Member
profitability
Value: $408.76
Peer Avg: $210.52
#7 of 304 Top 2.0% in 1B-3B tier
8
Return on Assets (ROA)
profitability
Value: 1.69%
Peer Avg: 0.70%
#8 of 304 Top 2.3% in 1B-3B tier
10
Deposit Growth Rate
growth
Value: 17.66%
Peer Avg: 5.58%
#10 of 304 Top 3.0% in 1B-3B tier
14
Member Growth Rate
growth
Value: 10.87%
Peer Avg: 2.20%
#14 of 304 Top 4.3% in 1B-3B tier
14
Asset Growth Rate
growth
Value: 13.77%
Peer Avg: 4.83%
#14 of 304 Top 4.3% in 1B-3B tier
16
Efficiency Ratio
profitability
Value: 59.05%
Peer Avg: 73.97%
#16 of 304 Top 4.9% in 1B-3B tier
24
Share Certificate Concentration (%)
balance_sheet
Value: 15.73%
Peer Avg: 28.53%
#24 of 304 Top 7.6% in 1B-3B tier
26
Net Interest Margin (NIM)
profitability
Value: 4.07%
Peer Avg: 3.26%
#26 of 304 Top 8.2% in 1B-3B tier
35
First Mortgage Concentration (%)
balance_sheet
Value: 17.66%
Peer Avg: 34.01%
#35 of 304 Top 11.2% in 1B-3B tier

Top Weaknesses (5 metrics)

290
Total Delinquency Rate (60+ days)
risk
Value: 1.86%
Peer Avg: 0.83%
#290 of 304 Bottom 4.9% in 1B-3B tier
284
Net Charge-Off Rate
risk
Value: 1.26%
Peer Avg: 0.60%
#284 of 304 Bottom 6.9% in 1B-3B tier
263
AMR Growth Rate
growth
Value: -2.24%
Peer Avg: 3.29%
#263 of 304 Bottom 13.8% in 1B-3B tier
237
Average Member Relationship (AMR)
engagement
Value: $23,067
Peer Avg: $29,172
#237 of 304 Bottom 22.4% in 1B-3B tier
229
Loan Growth Rate
growth
Value: -0.24%
Peer Avg: 5.27%
#229 of 304 Bottom 25.0% in 1B-3B tier