THE LOCAL

Charter #63342 | MI

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

THE LOCAL has 5 strengths but faces 17 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 29.9% in tier
  • + Wallet Share Momentum: Top 31.1% in tier
  • + Relationship Depth Leader: Top 34.4% in tier
  • + Net Interest Margin 0.04% above tier average
  • + Members Per Employee (MPE): Top 9.3% in tier

Key Concerns

Areas that may need attention

  • - Liquidity Overhang: Bottom 3.6% in tier
  • - Membership Headwinds: Bottom 6.9% in tier
  • - Institutional Decline: Bottom 12.8% in tier
  • - Stagnation Risk: Bottom 17.4% in tier
  • - Efficiency Drag: Bottom 28.8% in tier
  • - ROA 0.22% below tier average
  • - Efficiency ratio 2.94% above tier (higher cost structure)
  • - Member decline: -5.1% YoY
  • - Total Deposits: Bottom 1.9% in tier
  • - Total Assets: Bottom 2.3% in tier
  • - Total Loans: Bottom 2.7% in tier
  • - Loan-to-Member Ratio (LMR): Bottom 2.8% in tier
  • - Average Member Relationship (AMR): Bottom 4.9% in tier
  • - Loan Growth Rate: Bottom 5.6% in tier
  • - Net Charge-Off Rate: Bottom 7.1% in tier
  • - Member Growth Rate: Bottom 9.4% in tier
  • - Loan-to-Share Ratio: Bottom 9.6% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 9,689
-5.1% YoY-1.1% QoQ
 -5.9K 15,628
-3.4% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 28th in tier
Assets $103.9M
+0.7% YoY-0.8% QoQ
 $-127.4M $231.3M
-0.0% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 Bottom 2.2% in tier
Loans $42.3M
-8.1% YoY-2.5% QoQ
 $-105.5M $147.8M
-1.4% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 Bottom 2.6% in tier
Deposits $87.5M
-0.7% YoY-2.1% QoQ
 $-112.8M $200.3M
-0.0% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 Bottom 1.8% in tier
ROA 0.6%
+90.6% YoY+15.4% QoQ
 -0.2% 0.8%
+15.5% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 38th in tier
NIM 3.6%
+16.6% YoY+3.0% QoQ
 +0.0% 3.6%
+6.9% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 53rd in tier
Efficiency Ratio 80.2%
-10.2% YoY-1.0% QoQ
 +2.9% 77.3%
-3.0% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 62nd in tier
Delinquency Rate 0.4%
-54.3% YoY-58.6% QoQ
 -0.5 0.9%
+7.6% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 26th in tier
Loan To Share 48.3%
-7.5% YoY-0.5% QoQ
 -24.4% 72.7%
-1.5% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 Bottom 9.5% in tier
AMR $13,402
+1.9% YoY-1.2% QoQ
 $-11K $24,363
+2.9% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 Bottom 4.8% in tier
CD Concentration 15.7%
-18.5% YoY+2.6% QoQ
 -8.7% 24.4%
+4.2% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 9.6%
-22.5% YoY-7.9% QoQ
 -4.3% 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
#562 of 627 • Top 29.9% in tier

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

Why This Signature
Return on Assets: 0.57%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): -5.08%
(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
#857 of 1006 • Top 31.1% in tier

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

Why This Signature
AMR Growth (YoY): 1.90%
(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 | Rank worsening

Relationship Depth Leader

growth
#949 of 1006 • Top 34.4% in tier

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

Why This Signature
AMR Growth (YoY): 1.90%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $2.0K
(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 | Rank worsening

Concerns (5)

Liquidity Overhang

risk
#56 of 552 • Bottom 3.6% 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: 15.54%
(Tier: 11.95%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 48.34%
(Tier: 74.56%, National: 67.96%)
worse than tier avg
552 of 1077 Community CUs have this signature | 691 nationally
↑ Growing +65 CUs YoY | Rank improving

Membership Headwinds

decline
#114 of 550 • Bottom 6.9% in tier

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

Why This Signature
Member Growth (YoY): -5.08%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
550 of 1077 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank worsening

Institutional Decline

decline
#102 of 256 • Bottom 12.8% in tier

Both members and loans declining - the institution is contracting. Leadership is likely under pressure to reverse course.

Why This Signature
Total Assets: $103.85M
(Tier: $231.30M, National: $547.69M)
worse than tier avg
Member Growth (YoY): -5.08%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Loan Growth (YoY): -8.14%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
256 of 1077 Community CUs have this signature | 293 nationally
↓ Shrinking -43 CUs YoY | Rank improving

Stagnation Risk

risk
#287 of 550 • Bottom 17.4% 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: 0.57%
(Tier: 0.77%, National: 0.71%)
worse than tier avg
Member Growth (YoY): -5.08%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $13.4K
(Tier: $25.0K, National: $19.4K)
worse than tier avg
CD Concentration: 15.72%
(Tier: 24.41%, National: 19.60%)
but better than tier avg
550 of 1077 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY

Efficiency Drag

risk
#508 of 521 • Bottom 28.8% in tier

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

Why This Signature
Efficiency Ratio: 80.22%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 0.27% points
(Tier: 0.11% points, National: 0.05% points)
but better than tier avg
Member Growth (YoY): -5.08%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
521 of 1077 Community CUs have this signature | 624 nationally
↓ Shrinking -113 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 1077 peers in tier

Top Strengths (4 metrics)

101
Members Per Employee (MPE)
engagement
Value: 461.381
Peer Avg: 332.881
#101 of 1077 Top 9.3% in 100M-500M tier
141
Net Worth Ratio
risk
Value: 15.54%
Peer Avg: 12.15%
#141 of 1077 Top 13.0% in 100M-500M tier
229
First Mortgage Concentration (%)
balance_sheet
Value: 15.29%
Peer Avg: 30.43%
#229 of 1077 Top 21.2% in 100M-500M tier
263
Share Certificate Concentration (%)
balance_sheet
Value: 15.72%
Peer Avg: 23.61%
#263 of 1077 Top 24.3% in 100M-500M tier

Top Weaknesses (11 metrics)

1058
Total Deposits
balance_sheet
Value: $87.54M
Peer Avg: $200.29M
#1058 of 1077 Bottom 1.9% in 100M-500M tier
1053
Total Assets
balance_sheet
Value: $103.85M
Peer Avg: $231.30M
#1053 of 1077 Bottom 2.3% in 100M-500M tier
1049
Total Loans
balance_sheet
Value: $42.31M
Peer Avg: $147.80M
#1049 of 1077 Bottom 2.7% in 100M-500M tier
1048
Loan-to-Member Ratio (LMR)
engagement
Value: $4,367
Peer Avg: $10,245
#1048 of 1077 Bottom 2.8% in 100M-500M tier
1025
Average Member Relationship (AMR)
engagement
Value: $13,402
Peer Avg: $24,363
#1025 of 1077 Bottom 4.9% in 100M-500M tier
1018
Loan Growth Rate
growth
Value: -8.14%
Peer Avg: 3.45%
#1018 of 1077 Bottom 5.6% in 100M-500M tier
1001
Net Charge-Off Rate
risk
Value: 1.15%
Peer Avg: 0.47%
#1001 of 1077 Bottom 7.1% in 100M-500M tier
977
Member Growth Rate
growth
Value: -5.08%
Peer Avg: 0.72%
#977 of 1077 Bottom 9.4% in 100M-500M tier
975
Loan-to-Share Ratio
balance_sheet
Value: 48.34%
Peer Avg: 72.70%
#975 of 1077 Bottom 9.6% in 100M-500M tier
926
Deposit Growth Rate
growth
Value: -0.74%
Peer Avg: 4.69%
#926 of 1077 Bottom 14.1% in 100M-500M tier