U.P. STATE

Charter #62085 | MI

100M-500M (1077 CUs) Micro
67 100M-500M in MI

U.P. STATE has 6 strengths but faces 5 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 10.6% in tier
  • + Wallet Share Momentum: Top 22.5% in tier
  • + Relationship Depth Leader: Top 23.8% in tier
  • + ROA 0.34% above tier average
  • + Net Interest Margin 1.04% above tier average
  • + Share Certificate Concentration (%): Top 7.1% in tier

Key Concerns

Areas that may need attention

  • - Margin Compression: Bottom 6.7% in tier
  • - Cost Spiral: Bottom 8.6% in tier
  • - Liquidity Overhang: Bottom 26.3% in tier
  • - Indirect Auto Dependency: Bottom 30.5% in tier
  • - Efficiency ratio 1.96% above tier (higher cost structure)

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 15,409
+0.3% YoY+0.9% QoQ
 -219 15,628
-3.4% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 59th in tier
Assets $202.4M
+2.0% YoY+1.0% QoQ
 $-28.9M $231.3M
-0.0% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 51st in tier
Loans $119.5M
+7.9% YoY+3.2% QoQ
 $-28.3M $147.8M
-1.4% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 47th in tier
Deposits $176.2M
+1.4% YoY-0.6% QoQ
 $-24.1M $200.3M
-0.0% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 51st in tier
ROA 1.1%
-35.9% YoY+55.7% QoQ
 +0.3% 0.8%
+15.5% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 74th in tier
NIM 4.6%
+11.9% YoY+1.4% QoQ
 +1.0% 3.6%
+6.9% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 Top 7.0% in tier
Efficiency Ratio 79.2%
+16.0% YoY-8.3% QoQ
 +2.0% 77.3%
-3.0% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 57th in tier
Delinquency Rate 0.5%
-14.5% YoY+19.0% QoQ
 -0.4 0.9%
+7.6% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 33rd in tier
Loan To Share 67.8%
+6.5% YoY+3.8% QoQ
 -4.9% 72.7%
-1.5% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 36th in tier
AMR $19,187
+3.6% YoY+0.0% QoQ
 $-5K $24,363
+2.9% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 30th in tier
CD Concentration 7.4%
-16.8% YoY-2.7% QoQ
 -17.0% 24.4%
+4.2% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 17.1%
+45.6% YoY+17.9% QoQ
 +3.1% 14.0%
-5.8% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 50th in tier

Signature Analysis

Strengths (3)

Emerging Performer

growth
#199 of 627 • Top 10.6% in tier

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

Why This Signature
Return on Assets: 1.13%
(Tier: 0.77%, National: 0.71%)
better than tier avg
Member Growth (YoY): 0.29%
(Tier: 0.88%, National: 9.37%)
but worse than tier avg
627 of 1077 Community CUs have this signature | 852 nationally
↑ Growing +13 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#620 of 1006 • Top 22.5% in tier

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

Why This Signature
AMR Growth (YoY): 3.64%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
1006 of 1077 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | New qualifier

Relationship Depth Leader

growth
#657 of 1006 • Top 23.8% in tier

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

Why This Signature
AMR Growth (YoY): 3.64%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $2.6K
(Tier: $2.8K, National: $2.0K)
but worse than tier avg
1006 of 1077 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | New qualifier

Concerns (4)

Margin Compression

decline
#29 of 136 • Bottom 6.7% in tier

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

Why This Signature
Return on Assets: 1.13%
(Tier: 0.77%, National: 0.71%)
but better than tier avg
ROA Change (YoY): -0.63% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Total Assets: $202.36M
(Tier: $231.30M, National: $547.69M)
worse than tier avg
136 of 1077 Community CUs have this signature | 169 nationally
↓ Shrinking -43 CUs YoY | New qualifier

Cost Spiral

risk
#22 of 62 • Bottom 8.6% in tier

Historically lean operator now seeing efficiency ratio rise significantly. Efficiency advantage eroding - early intervention critical.

Why This Signature
Efficiency Ratio Change: 10.95% points
(Tier: -2.84% points, National: -1.81% points)
worse than tier avg
Efficiency Ratio (Prior Year): -
(Tier: -, National: -)
Total Assets: $202.36M
(Tier: $231.30M, National: $547.69M)
worse than tier avg
62 of 1077 Community CUs have this signature | 80 nationally
↓ Shrinking -38 CUs YoY | New qualifier

Liquidity Overhang

risk
#407 of 552 • Bottom 26.3% 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: 12.30%
(Tier: 11.95%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 67.81%
(Tier: 74.56%, National: 67.96%)
worse than tier avg
552 of 1077 Community CUs have this signature | 691 nationally
↑ Growing +65 CUs YoY | New qualifier

Indirect Auto Dependency

risk
#490 of 525 • Bottom 30.5% in tier

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

Why This Signature
Asset Growth (YoY): 2.01%
(Tier: 4.61%, National: 3.04%)
worse than tier avg
Indirect Auto %: 17.10%
(Tier: 13.96%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 0.29%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
525 of 1077 Community CUs have this signature | 768 nationally
↓ Shrinking -18 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 1077 peers in tier

Top Strengths (4 metrics)

75
Net Interest Margin (NIM)
profitability
Value: 4.63%
Peer Avg: 3.58%
#75 of 1077 Top 6.9% in 100M-500M tier
78
Share Certificate Concentration (%)
balance_sheet
Value: 7.38%
Peer Avg: 23.61%
#78 of 1077 Top 7.1% in 100M-500M tier
203
Net Charge-Off Rate
risk
Value: 0.13%
Peer Avg: 0.47%
#203 of 1077 Top 18.8% in 100M-500M tier
246
Loan Growth Rate
growth
Value: 7.94%
Peer Avg: 3.45%
#246 of 1077 Top 22.7% in 100M-500M tier

Top Weaknesses (1 metrics)

852
Members Per Employee (MPE)
engagement
Value: 256.817
Peer Avg: 332.881
#852 of 1077 Bottom 21.0% in 100M-500M tier