CANVAS

Charter #64778 | CO

3B-5B (76 CUs) Mid-Market (380 CUs)
3 3B-5B in CO

CANVAS has 7 strengths but faces 8 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Engine: Top 21.5% in tier
  • + Wallet Share Momentum: Top 29.2% in tier
  • + Relationship Depth Leader: Top 34.9% in tier
  • + Net Interest Margin 0.95% above tier average
  • + Total Loans: Top 0.0% in tier
  • + Total Deposits: Top 0.0% in tier
  • + Total Assets: Top 3.9% in tier

Key Concerns

Areas that may need attention

  • - Indirect Auto Dependency: Bottom 3.9% in tier
  • - Liquidity Strain: Bottom 11.5% in tier
  • - Credit Quality Pressure: Bottom 16.0% in tier
  • - Growth-at-Risk: Bottom 18.5% in tier
  • - ROA 0.05% below tier average
  • - Delinquency rate 0.29% above tier average
  • - Net Charge-Off Rate: Bottom 7.9% in tier
  • - Indirect Auto Concentration (%): Bottom 9.2% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (CO) National Avg Tier Percentile
Members 316,443
+4.7% YoY+1.3% QoQ
 +78.0K 238,465
+0.6% YoY
 38,063
+8.0% YoY
 33,089
+6.1% YoY
 Top 11.8% in tier
Assets $4.9B
+7.5% YoY+0.7% QoQ
 +$896.0M $4.0B
-0.1% YoY
 $678.0M
+7.3% YoY
 $547.7M
+7.8% YoY
 Top 5.3% in tier
Loans $4.4B
+6.1% YoY+1.7% QoQ
 +$1.4B $3.0B
+3.3% YoY
 $529.4M
+8.0% YoY
 $388.7M
+8.6% YoY
 Top 1.3% in tier
Deposits $4.4B
+8.2% YoY+1.0% QoQ
 +$1.0B $3.3B
+1.1% YoY
 $571.8M
+9.1% YoY
 $464.6M
+9.3% YoY
 Top 1.3% in tier
ROA 0.7%
+44.0% YoY+13.5% QoQ
 -0.1% 0.7%
+5.3% YoY
 0.5%
+8.5% YoY
 0.7%
+273.4% YoY
 43rd in tier
NIM 4.2%
+4.6% YoY+0.8% QoQ
 +1.0% 3.2%
+13.7% YoY
 3.6%
+3.7% YoY
 3.7%
+5.0% YoY
 Top 9.2% in tier
Efficiency Ratio 60.6%
-5.4% YoY-1.6% QoQ
 -10.6% 71.3%
-0.6% YoY
 80.6%
-2.6% YoY
 79.1%
-3.3% YoY
 Bottom 14.5% in tier
Delinquency Rate 1.1%
+10.6% YoY+19.4% QoQ
 +0.3 0.8%
+15.9% YoY
 0.9%
+6.2% YoY
 1.2%
-0.9% YoY
 Top 21.1% in tier
Loan To Share 100.9%
-2.0% YoY+0.7% QoQ
 +10.0% 90.8%
+2.0% YoY
 72.9%
-3.4% YoY
 68.0%
-1.7% YoY
 Top 19.7% in tier
AMR $27,674
+2.3% YoY+0.1% QoQ
 $-1K $29,088
+0.1% YoY
 $22,866
+4.1% YoY
 $19,418
+1.3% YoY
 45th in tier
CD Concentration 33.8%
+1.2% YoY+0.4% QoQ
 +4.8% 29.0%
+0.8% YoY
 26.3%
+7.3% YoY
 19.6%
+6.2% YoY
 74th in tier
Indirect Auto % 44.6%
-3.4% YoY-0.5% QoQ
 +25.8% 18.8%
-2.8% YoY
 12.4%
-8.4% YoY
 7.9%
-2.9% YoY
 Top 7.4% in tier

Signature Analysis

Strengths (3)

Organic Growth Engine

growth
#157 of 246 • Top 21.5% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 4.72%
(Tier: 3.18%, National: 9.37%)
better than tier avg
Return on Assets: 0.69%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 44.63%
(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

Wallet Share Momentum

growth
#212 of 264 • Top 29.2% in tier

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

Why This Signature
AMR Growth (YoY): 2.33%
(Tier: 3.04%, National: 4.19%)
but worse than tier avg
264 of 380 Mid-Market CUs have this signature | 1330 nationally
↑ Growing +60 CUs YoY | Rank worsening

Relationship Depth Leader

growth
#253 of 264 • Top 34.9% in tier

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

Why This Signature
AMR Growth (YoY): 2.33%
(Tier: 3.04%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $2.0K
(Tier: $3.1K, National: $2.0K)
but worse than tier avg
264 of 380 Mid-Market CUs have this signature | 1330 nationally
↑ Growing +60 CUs YoY | Rank worsening

Concerns (4)

Indirect Auto Dependency

risk
#25 of 202 • Bottom 3.9% in tier

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

Why This Signature
Asset Growth (YoY): 7.52%
(Tier: 5.36%, National: 3.04%)
but better than tier avg
Indirect Auto %: 44.63%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 4.72%
(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

Liquidity Strain

risk
#61 of 183 • Bottom 11.5% in tier

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

Why This Signature
Loan-to-Share Ratio: 100.87%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): 6.12%
(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

Credit Quality Pressure

risk
#123 of 217 • Bottom 16.0% in tier

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

Why This Signature
Delinquency Change (YoY): 0.11% points
(Tier: 0.07% points, National: 0.07% points)
worse than tier avg
217 of 380 Mid-Market CUs have this signature | 1002 nationally
↓ Shrinking -70 CUs YoY | New qualifier

Growth-at-Risk

risk
#104 of 161 • Bottom 18.5% in tier

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

Why This Signature
Loan Growth (YoY): 6.12%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 0.11% points
(Tier: 0.07% points, National: 0.07% points)
worse than tier avg
161 of 380 Mid-Market CUs have this signature | 646 nationally
↓ Shrinking -30 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 76 peers in tier

Top Strengths (8 metrics)

1
Total Loans
balance_sheet
Value: $4.40B
Peer Avg: $3.02B
#1 of 76 Top 0.0% in 3B-5B tier
1
Total Deposits
balance_sheet
Value: $4.36B
Peer Avg: $3.33B
#1 of 76 Top 0.0% in 3B-5B tier
4
Total Assets
balance_sheet
Value: $4.87B
Peer Avg: $3.97B
#4 of 76 Top 3.9% in 3B-5B tier
7
Net Interest Margin (NIM)
profitability
Value: 4.15%
Peer Avg: 3.20%
#7 of 76 Top 7.9% in 3B-5B tier
9
First Mortgage Concentration (%)
balance_sheet
Value: 16.54%
Peer Avg: 34.35%
#9 of 76 Top 10.5% in 3B-5B tier
9
Total Members
engagement
Value: 316,443
Peer Avg: 238,466
#9 of 76 Top 10.5% in 3B-5B tier
12
Efficiency Ratio
profitability
Value: 60.63%
Peer Avg: 71.26%
#12 of 76 Top 14.5% in 3B-5B tier
15
Loan-to-Share Ratio
balance_sheet
Value: 100.87%
Peer Avg: 90.85%
#15 of 76 Top 18.4% in 3B-5B tier

Top Weaknesses (3 metrics)

71
Net Charge-Off Rate
risk
Value: 1.41%
Peer Avg: 0.64%
#71 of 76 Bottom 7.9% in 3B-5B tier
70
Indirect Auto Concentration (%)
balance_sheet
Value: 44.63%
Peer Avg: 20.57%
#70 of 76 Bottom 9.2% in 3B-5B tier
61
Total Delinquency Rate (60+ days)
risk
Value: 1.13%
Peer Avg: 0.84%
#61 of 76 Bottom 21.1% in 3B-5B tier