SOUND

Charter #66331 | WA

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

SOUND has 5 strengths but faces 7 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Relationship Depth Leader: Top 17.3% in tier
  • + Organic Growth Engine: Top 19.6% in tier
  • + Wallet Share Momentum: Top 21.8% in tier
  • + Net Interest Margin 0.04% above tier average
  • + Strong member growth: 7.5% YoY

Key Concerns

Areas that may need attention

  • - Growth-at-Risk: Bottom 0.9% in tier
  • - Credit Quality Pressure: Bottom 1.4% in tier
  • - Indirect Auto Dependency: Bottom 9.4% in tier
  • - Liquidity Strain: Bottom 20.6% in tier
  • - ROA 0.24% below tier average
  • - Efficiency ratio 3.15% above tier (higher cost structure)
  • - Delinquency rate 0.59% above tier average

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 176,108
+7.5% YoY+1.1% QoQ
 -62.4K 238,465
+0.6% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 Bottom 21.1% in tier
Assets $3.3B
+9.3% YoY+1.7% QoQ
 $-712.7M $4.0B
-0.1% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 Bottom 11.8% in tier
Loans $2.6B
+11.3% YoY+0.6% QoQ
 $-419.4M $3.0B
+3.3% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 Bottom 22.4% in tier
Deposits $2.8B
+11.5% YoY+1.8% QoQ
 $-523.9M $3.3B
+1.1% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 Bottom 15.8% in tier
ROA 0.5%
+2.6% YoY-1.4% QoQ
 -0.2% 0.7%
+5.3% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 Bottom 22.4% in tier
NIM 3.2%
+8.8% YoY-0.3% QoQ
 +0.0% 3.2%
+13.7% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 50th in tier
Efficiency Ratio 74.4%
-2.1% YoY-0.7% QoQ
 +3.1% 71.3%
-0.6% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 62nd in tier
Delinquency Rate 1.4%
+121.4% YoY+20.3% QoQ
 +0.6 0.8%
+15.9% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 Top 14.5% in tier
Loan To Share 92.5%
-0.1% YoY-1.1% QoQ
 +1.7% 90.8%
+2.0% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 49th in tier
AMR $30,713
+3.7% YoY+0.1% QoQ
 +$2K $29,088
+0.1% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 67th in tier
CD Concentration 31.3%
+3.0% YoY+0.6% QoQ
 +2.3% 29.0%
+0.8% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 63rd in tier
Indirect Auto % 33.3%
+5.5% YoY+0.1% QoQ
 +14.5% 18.8%
-2.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 Top 20.1% in tier

Signature Analysis

Strengths (3)

Relationship Depth Leader

growth
#126 of 264 • Top 17.3% in tier

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

Why This Signature
AMR Growth (YoY): 3.68%
(Tier: 3.04%, National: 4.19%)
better than tier avg
Share Draft per Member: $3.2K
(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
#143 of 246 • Top 19.6% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 7.46%
(Tier: 3.18%, National: 9.37%)
better than tier avg
Return on Assets: 0.51%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 33.28%
(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
#158 of 264 • Top 21.8% in tier

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

Why This Signature
AMR Growth (YoY): 3.68%
(Tier: 3.04%, National: 4.19%)
better than tier avg
264 of 380 Mid-Market CUs have this signature | 1330 nationally
↑ Growing +60 CUs YoY | Rank worsening

Concerns (4)

Growth-at-Risk

risk
#6 of 161 • Bottom 0.9% in tier

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

Why This Signature
Loan Growth (YoY): 11.33%
(Tier: 6.14%, National: 36.38%)
but better than tier avg
Delinquency Change (YoY): 0.79% 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 | Rank improving

Credit Quality Pressure

risk
#12 of 217 • Bottom 1.4% in tier

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

Why This Signature
Delinquency Change (YoY): 0.79% 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
#59 of 202 • Bottom 9.4% in tier

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

Why This Signature
Asset Growth (YoY): 9.26%
(Tier: 5.36%, National: 3.04%)
but better than tier avg
Indirect Auto %: 33.28%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 7.46%
(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 | Rank improving

Liquidity Strain

risk
#109 of 183 • Bottom 20.6% in tier

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

Why This Signature
Loan-to-Share Ratio: 92.54%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): 11.33%
(Tier: 6.14%, National: 36.38%)
but better than tier avg
183 of 380 Mid-Market CUs have this signature | 484 nationally
↑ Growing +10 CUs YoY | Rank improving

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 (5 metrics)

11
Deposit Growth Rate
growth
Value: 11.48%
Peer Avg: 8.84%
#11 of 76 Top 13.2% in 3B-5B tier
11
First Mortgage Concentration (%)
balance_sheet
Value: 17.07%
Peer Avg: 34.35%
#11 of 76 Top 13.2% in 3B-5B tier
12
Member Growth Rate
growth
Value: 7.46%
Peer Avg: 7.02%
#12 of 76 Top 14.5% in 3B-5B tier
15
Asset Growth Rate
growth
Value: 9.26%
Peer Avg: 7.42%
#15 of 76 Top 18.4% in 3B-5B tier
18
Loan Growth Rate
growth
Value: 11.33%
Peer Avg: 9.56%
#18 of 76 Top 22.4% in 3B-5B tier

Top Weaknesses (7 metrics)

67
Total Assets
balance_sheet
Value: $3.26B
Peer Avg: $3.97B
#67 of 76 Bottom 13.2% in 3B-5B tier
66
Total Delinquency Rate (60+ days)
risk
Value: 1.43%
Peer Avg: 0.84%
#66 of 76 Bottom 14.5% in 3B-5B tier
64
Total Deposits
balance_sheet
Value: $2.81B
Peer Avg: $3.33B
#64 of 76 Bottom 17.1% in 3B-5B tier
60
Total Members
engagement
Value: 176,108
Peer Avg: 238,466
#60 of 76 Bottom 22.4% in 3B-5B tier
59
Return on Assets (ROA)
profitability
Value: 0.51%
Peer Avg: 0.75%
#59 of 76 Bottom 23.7% in 3B-5B tier
59
Indirect Auto Concentration (%)
balance_sheet
Value: 33.28%
Peer Avg: 20.57%
#59 of 76 Bottom 23.7% in 3B-5B tier
59
Total Loans
balance_sheet
Value: $2.60B
Peer Avg: $3.02B
#59 of 76 Bottom 23.7% in 3B-5B tier