MERCK SHARP & DOHME

Charter #6574 | PA

750M-1B (112 CUs) Community (281 CUs)
7 750M-1B in PA

MERCK SHARP & DOHME has 6 strengths but faces 5 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Relationship Depth Leader: Top 5.4% in tier
  • + Wallet Share Momentum: Top 15.9% in tier
  • + Organic Growth Leader: Top 19.6% in tier
  • + Organic Growth Engine: Top 25.1% in tier
  • + ROA 0.03% above tier average
  • + Deposit Growth Rate: Top 8.9% in tier

Key Concerns

Areas that may need attention

  • - Cost Spiral: Bottom 11.5% in tier
  • - Credit Quality Pressure: Bottom 13.0% in tier
  • - Indirect Auto Dependency: Bottom 19.1% in tier
  • - Growth-at-Risk: Bottom 20.8% in tier
  • - Loan-to-Share Ratio: Bottom 7.1% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (PA) National Avg Tier Percentile
Members 33,277
+2.0% YoY+0.8% QoQ
 -18.8K 52,114
-2.1% YoY
 17,552
+5.9% YoY
 33,089
+6.1% YoY
 Bottom 10.7% in tier
Assets $929.9M
+10.4% YoY+0.1% QoQ
 +$70.9M $859.0M
+0.0% YoY
 $283.8M
+10.6% YoY
 $547.7M
+7.8% YoY
 Top 17.9% in tier
Loans $460.5M
+2.6% YoY+1.2% QoQ
 $-142.8M $603.4M
+1.0% YoY
 $193.1M
+8.6% YoY
 $388.7M
+8.6% YoY
 Bottom 10.7% in tier
Deposits $841.7M
+10.4% YoY-0.3% QoQ
 +$107.5M $734.2M
+0.9% YoY
 $243.3M
+10.9% YoY
 $464.6M
+9.3% YoY
 Top 11.6% in tier
ROA 0.7%
-18.5% YoY+11.5% QoQ
 +0.0% 0.7%
+27.6% YoY
 0.8%
+22.9% YoY
 0.7%
+273.4% YoY
 55th in tier
NIM 2.5%
-11.7% YoY+0.7% QoQ
 -0.9% 3.4%
+9.6% YoY
 3.5%
+4.5% YoY
 3.7%
+5.0% YoY
 Bottom 10.7% in tier
Efficiency Ratio 72.5%
+9.5% YoY-2.1% QoQ
 -2.0% 74.5%
-3.2% YoY
 76.2%
-1.5% YoY
 79.1%
-3.3% YoY
 35th in tier
Delinquency Rate 0.5%
+95.7% YoY+55.2% QoQ
 -0.3 0.8%
+5.0% YoY
 1.3%
-8.2% YoY
 1.2%
-0.9% YoY
 30th in tier
Loan To Share 54.7%
-7.1% YoY+1.6% QoQ
 -27.9% 82.7%
+0.1% YoY
 55.4%
-2.3% YoY
 68.0%
-1.7% YoY
 Bottom 6.2% in tier
AMR $39,133
+5.4% YoY-0.5% QoQ
 +$10K $28,651
+2.5% YoY
 $16,339
+4.2% YoY
 $19,418
+1.3% YoY
 Top 11.6% in tier
CD Concentration 34.4%
+22.8% YoY+8.2% QoQ
 +10.0% 24.4%
+4.2% YoY
 15.5%
+9.2% YoY
 19.6%
+6.2% YoY
 Top 17.0% in tier
Indirect Auto % 17.0%
+14.4% YoY-1.7% QoQ
 +3.1% 14.0%
-5.8% YoY
 8.0%
+2.0% YoY
 7.9%
-2.9% YoY
 66th in tier

Signature Analysis

Strengths (4)

Relationship Depth Leader

growth
#149 of 1006 • Top 5.4% in tier

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

Why This Signature
AMR Growth (YoY): 5.40%
(Tier: 3.68%, National: 4.19%)
better than tier avg
Share Draft per Member: $4.2K
(Tier: $2.8K, National: $2.0K)
better than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#439 of 1006 • Top 15.9% in tier

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

Why This Signature
AMR Growth (YoY): 5.40%
(Tier: 3.68%, National: 4.19%)
better than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Organic Growth Leader

growth
#259 of 430 • Top 19.6% in tier

Attracting members without relying on indirect channels. Healthy, sustainable growth model.

Why This Signature
Member Growth (YoY): 1.99%
(Tier: 0.88%, National: 9.37%)
better than tier avg
430 of 281 Community CUs have this signature | 608 nationally
↓ Shrinking -21 CUs YoY | Rank worsening

Organic Growth Engine

growth
#460 of 603 • Top 25.1% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 1.99%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Return on Assets: 0.74%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 17.03%
(Tier: 13.96%, National: 7.90%)
but worse than tier avg
603 of 281 Community CUs have this signature | 917 nationally
→ Stable (608→603 CUs) -5 CUs YoY | Rank worsening

Concerns (4)

Cost Spiral

risk
#29 of 62 • Bottom 11.5% in tier

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

Why This Signature
Efficiency Ratio Change: 6.32% points
(Tier: -2.84% points, National: -1.81% points)
worse than tier avg
Efficiency Ratio (Prior Year): -
(Tier: -, National: -)
Total Assets: $929.94M
(Tier: $859.01M, National: $547.69M)
but better than tier avg
62 of 281 Community CUs have this signature | 80 nationally
↓ Shrinking -38 CUs YoY | New qualifier

Credit Quality Pressure

risk
#322 of 736 • Bottom 13.0% in tier

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

Why This Signature
Delinquency Change (YoY): 0.24% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
736 of 281 Community CUs have this signature | 1002 nationally
↓ Shrinking -199 CUs YoY | New qualifier

Indirect Auto Dependency

risk
#308 of 525 • Bottom 19.1% in tier

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

Why This Signature
Asset Growth (YoY): 10.39%
(Tier: 4.61%, National: 3.04%)
but better than tier avg
Indirect Auto %: 17.03%
(Tier: 13.96%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 1.99%
(Tier: 0.88%, National: 9.37%)
but better than tier avg
525 of 281 Community CUs have this signature | 768 nationally
↓ Shrinking -18 CUs YoY | New qualifier

Growth-at-Risk

risk
#313 of 446 • Bottom 20.8% in tier

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

Why This Signature
Loan Growth (YoY): 2.57%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
Delinquency Change (YoY): 0.24% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
446 of 281 Community CUs have this signature | 646 nationally
↓ Shrinking -77 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 112 peers in tier

Top Strengths (7 metrics)

11
Deposit Growth Rate
growth
Value: 10.39%
Peer Avg: 5.03%
#11 of 112 Top 8.9% in 750M-1B tier
13
Average Member Relationship (AMR)
engagement
Value: $39,133
Peer Avg: $28,651
#13 of 112 Top 10.7% in 750M-1B tier
13
Total Deposits
balance_sheet
Value: $841.71M
Peer Avg: $734.17M
#13 of 112 Top 10.7% in 750M-1B tier
16
Asset Growth Rate
growth
Value: 10.39%
Peer Avg: 4.25%
#16 of 112 Top 13.4% in 750M-1B tier
19
Net Charge-Off Rate
risk
Value: 0.23%
Peer Avg: 0.61%
#19 of 112 Top 16.1% in 750M-1B tier
19
First Mortgage Concentration (%)
balance_sheet
Value: 18.37%
Peer Avg: 33.64%
#19 of 112 Top 16.1% in 750M-1B tier
20
Total Assets
balance_sheet
Value: $929.94M
Peer Avg: $859.01M
#20 of 112 Top 17.0% in 750M-1B tier

Top Weaknesses (5 metrics)

105
Loan-to-Share Ratio
balance_sheet
Value: 54.71%
Peer Avg: 82.66%
#105 of 112 Bottom 7.1% in 750M-1B tier
100
Net Interest Margin (NIM)
profitability
Value: 2.52%
Peer Avg: 3.38%
#100 of 112 Bottom 11.6% in 750M-1B tier
100
Total Members
engagement
Value: 33,277
Peer Avg: 52,114
#100 of 112 Bottom 11.6% in 750M-1B tier
100
Total Loans
balance_sheet
Value: $460.52M
Peer Avg: $603.36M
#100 of 112 Bottom 11.6% in 750M-1B tier
87
Share Certificate Concentration (%)
balance_sheet
Value: 34.44%
Peer Avg: 28.34%
#87 of 112 Bottom 23.2% in 750M-1B tier