STATE EMPLOYEES

Charter #65513 | NM

1B-3B (304 CUs) Mid-Market (380 CUs)
6 1B-3B in NM

STATE EMPLOYEES has 6 strengths but faces 6 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 10.2% in tier
  • + Relationship Depth Leader: Top 14.7% in tier
  • + Organic Growth Engine: Top 23.1% in tier
  • + Wallet Share Momentum: Top 29.5% in tier
  • + ROA 0.45% above tier average
  • + Net Interest Margin 0.12% above tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 0.1% in tier
  • - Indirect Auto Dependency: Bottom 8.3% in tier
  • - Growth-at-Risk: Bottom 10.1% in tier
  • - Delinquency rate 3.68% above tier average
  • - Total Delinquency Rate (60+ days): Bottom 1.0% in tier
  • - Total Members: Bottom 9.5% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (NM) National Avg Tier Percentile
Members 53,600
+0.9% YoY+0.1% QoQ
 -45.1K 98,678
-1.9% YoY
 30,510
+9.1% YoY
 33,089
+6.1% YoY
 Bottom 9.2% in tier
Assets $1.3B
+5.3% YoY+0.1% QoQ
 $-415.8M $1.7B
+0.5% YoY
 $545.3M
+12.6% YoY
 $547.7M
+7.8% YoY
 31st in tier
Loans $882.4M
+2.1% YoY-0.3% QoQ
 $-350.6M $1.2B
+0.5% YoY
 $367.9M
+14.8% YoY
 $388.7M
+8.6% YoY
 Bottom 24.3% in tier
Deposits $1.2B
+4.1% YoY-0.2% QoQ
 $-293.7M $1.5B
+1.3% YoY
 $461.5M
+14.0% YoY
 $464.6M
+9.3% YoY
 39th in tier
ROA 1.1%
+192.0% YoY-7.8% QoQ
 +0.4% 0.7%
+13.4% YoY
 0.9%
+49.5% YoY
 0.7%
+273.4% YoY
 Top 13.5% in tier
NIM 3.4%
+17.9% YoY+1.7% QoQ
 +0.1% 3.3%
+9.3% YoY
 3.9%
+6.9% YoY
 3.7%
+5.0% YoY
 57th in tier
Efficiency Ratio 67.5%
-4.2% YoY+3.5% QoQ
 -6.4% 74.0%
-10.9% YoY
 73.5%
-8.8% YoY
 79.1%
-3.3% YoY
 Bottom 24.7% in tier
Delinquency Rate 4.5%
+237.9% YoY+23.0% QoQ
 +3.7 0.8%
+6.1% YoY
 1.1%
+5.6% YoY
 1.2%
-0.9% YoY
 Top 1.0% in tier
Loan To Share 76.0%
-2.0% YoY-0.1% QoQ
 -9.2% 85.2%
-0.8% YoY
 71.6%
-0.2% YoY
 68.0%
-1.7% YoY
 Bottom 23.0% in tier
AMR $38,117
+2.3% YoY-0.4% QoQ
 +$9K $29,172
+2.8% YoY
 $20,672
+6.3% YoY
 $19,418
+1.3% YoY
 Top 10.9% in tier
CD Concentration 28.2%
-7.5% YoY-1.7% QoQ
 -0.8% 29.0%
+0.8% YoY
 24.3%
+4.3% YoY
 19.6%
+6.2% YoY
 48th in tier
Indirect Auto % 33.5%
+10.8% YoY+1.3% QoQ
 +14.7% 18.8%
-2.8% YoY
 14.5%
+3.5% YoY
 7.9%
-2.9% YoY
 Top 19.5% in tier

Signature Analysis

Strengths (4)

Emerging Performer

growth
#55 of 184 • Top 10.2% in tier

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

Why This Signature
Return on Assets: 1.15%
(Tier: 0.71%, National: 0.71%)
better than tier avg
Member Growth (YoY): 0.92%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
184 of 380 Mid-Market CUs have this signature | 852 nationally
↑ Growing +18 CUs YoY | Rank improving

Relationship Depth Leader

growth
#107 of 264 • Top 14.7% in tier

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

Why This Signature
AMR Growth (YoY): 2.28%
(Tier: 3.04%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $4.9K
(Tier: $3.1K, National: $2.0K)
better than tier avg
264 of 380 Mid-Market CUs have this signature | 1330 nationally
↑ Growing +60 CUs YoY | Rank worsening

Organic Growth Engine

growth
#168 of 246 • Top 23.1% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 0.92%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
Return on Assets: 1.15%
(Tier: 0.71%, National: 0.71%)
better than tier avg
Indirect Auto %: 33.49%
(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 | New qualifier

Wallet Share Momentum

growth
#214 of 264 • Top 29.5% in tier

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

Why This Signature
AMR Growth (YoY): 2.28%
(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

Concerns (3)

Credit Quality Pressure

risk
#2 of 217 • Bottom 0.1% in tier

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

Why This Signature
Delinquency Change (YoY): 3.17% 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 | Rank improving

Indirect Auto Dependency

risk
#52 of 202 • Bottom 8.3% in tier

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

Why This Signature
Asset Growth (YoY): 5.33%
(Tier: 5.36%, National: 3.04%)
worse than tier avg
Indirect Auto %: 33.49%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 0.92%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
202 of 380 Mid-Market CUs have this signature | 768 nationally
↓ Shrinking -7 CUs YoY | Rank improving

Growth-at-Risk

risk
#57 of 161 • Bottom 10.1% in tier

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

Why This Signature
Loan Growth (YoY): 2.07%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 3.17% 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 304 peers in tier

Top Strengths (7 metrics)

32
First Mortgage Concentration (%)
balance_sheet
Value: 17.42%
Peer Avg: 34.01%
#32 of 304 Top 10.2% in 1B-3B tier
33
Average Member Relationship (AMR)
engagement
Value: $38,117
Peer Avg: $29,172
#33 of 304 Top 10.5% in 1B-3B tier
41
Return on Assets (ROA)
profitability
Value: 1.15%
Peer Avg: 0.70%
#41 of 304 Top 13.2% in 1B-3B tier
45
Loan-to-Member Ratio (LMR)
engagement
Value: $16,463
Peer Avg: $13,213
#45 of 304 Top 14.5% in 1B-3B tier
70
Fee Income Per Member
profitability
Value: $254.87
Peer Avg: $210.52
#70 of 304 Top 22.7% in 1B-3B tier
73
Net Charge-Off Rate
risk
Value: 0.31%
Peer Avg: 0.60%
#73 of 304 Top 23.7% in 1B-3B tier
76
Efficiency Ratio
profitability
Value: 67.53%
Peer Avg: 73.97%
#76 of 304 Top 24.7% in 1B-3B tier

Top Weaknesses (6 metrics)

302
Total Delinquency Rate (60+ days)
risk
Value: 4.50%
Peer Avg: 0.83%
#302 of 304 Bottom 1.0% in 1B-3B tier
276
Total Members
engagement
Value: 53,600
Peer Avg: 98,678
#276 of 304 Bottom 9.5% in 1B-3B tier
269
Members Per Employee (MPE)
engagement
Value: 274.872
Peer Avg: 364.953
#269 of 304 Bottom 11.8% in 1B-3B tier
248
Indirect Auto Concentration (%)
balance_sheet
Value: 33.49%
Peer Avg: 18.32%
#248 of 304 Bottom 18.8% in 1B-3B tier
234
Loan-to-Share Ratio
balance_sheet
Value: 76.03%
Peer Avg: 85.19%
#234 of 304 Bottom 23.4% in 1B-3B tier
230
Total Loans
balance_sheet
Value: $882.42M
Peer Avg: $1.23B
#230 of 304 Bottom 24.7% in 1B-3B tier