INDUSTRIAL CU OF WHATCOM COUNTY

Charter #66337 | WA

100M-500M (1077 CUs) Micro
18 100M-500M in WA

INDUSTRIAL CU OF WHATCOM COUNTY has 4 strengths but faces 10 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Relationship Depth Leader: Top 26.9% in tier
  • + Wallet Share Momentum: Top 28.1% in tier
  • + Net Interest Margin 0.60% above tier average
  • + Total Members: Top 4.9% in tier

Key Concerns

Areas that may need attention

  • - Institutional Decline: Bottom 2.9% in tier
  • - Indirect Auto Dependency: Bottom 6.3% in tier
  • - Membership Headwinds: Bottom 8.0% in tier
  • - Stagnation Risk: Bottom 13.6% in tier
  • - Credit Quality Pressure: Bottom 25.5% in tier
  • - ROA 0.16% below tier average
  • - Member decline: -4.6% YoY
  • - Net Charge-Off Rate: Bottom 2.4% in tier
  • - Indirect Auto Concentration (%): Bottom 7.0% in tier
  • - Loan Growth Rate: Bottom 8.4% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 33,592
-4.6% YoY-1.1% QoQ
 +18.0K 15,628
-3.4% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 Top 5.0% in tier
Assets $396.0M
+2.1% YoY-2.2% QoQ
 +$164.7M $231.3M
-0.0% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 Top 11.0% in tier
Loans $256.6M
-6.5% YoY-0.5% QoQ
 +$108.8M $147.8M
-1.4% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 Top 12.8% in tier
Deposits $345.9M
+1.4% YoY-2.9% QoQ
 +$145.6M $200.3M
-0.0% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 Top 10.8% in tier
ROA 0.6%
+633.8% YoY+24.3% QoQ
 -0.2% 0.8%
+15.5% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 41st in tier
NIM 4.2%
-1.8% YoY+1.2% QoQ
 +0.6% 3.6%
+6.9% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 Top 17.2% in tier
Efficiency Ratio 74.4%
+1.7% YoY-1.3% QoQ
 -2.9% 77.3%
-3.0% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 40th in tier
Delinquency Rate 0.7%
+5.2% YoY+28.0% QoQ
 -0.1 0.9%
+7.6% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 54th in tier
Loan To Share 74.2%
-7.8% YoY+2.5% QoQ
 +1.5% 72.7%
-1.5% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 50th in tier
AMR $17,936
+2.6% YoY-0.8% QoQ
 $-6K $24,363
+2.9% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 Bottom 22.2% in tier
CD Concentration 16.0%
-13.1% YoY-17.6% QoQ
 -8.4% 24.4%
+4.2% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 42.8%
-17.6% YoY-4.9% QoQ
 +28.9% 14.0%
-5.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 50th in tier

Signature Analysis

Strengths (2)

Relationship Depth Leader

growth
#743 of 1006 • Top 26.9% in tier

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

Why This Signature
AMR Growth (YoY): 2.59%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $2.6K
(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 | New qualifier

Wallet Share Momentum

growth
#775 of 1006 • Top 28.1% in tier

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

Why This Signature
AMR Growth (YoY): 2.59%
(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 | New qualifier

Concerns (5)

Institutional Decline

decline
#24 of 256 • Bottom 2.9% in tier

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

Why This Signature
Total Assets: $395.97M
(Tier: $231.30M, National: $547.69M)
but better than tier avg
Member Growth (YoY): -4.62%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Loan Growth (YoY): -6.54%
(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 worsening

Indirect Auto Dependency

risk
#103 of 525 • Bottom 6.3% in tier

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

Why This Signature
Asset Growth (YoY): 2.10%
(Tier: 4.61%, National: 3.04%)
worse than tier avg
Indirect Auto %: 42.85%
(Tier: 13.96%, National: 7.90%)
worse than tier avg
Member Growth (YoY): -4.62%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
525 of 1077 Community CUs have this signature | 768 nationally
↓ Shrinking -18 CUs YoY | Rank worsening

Membership Headwinds

decline
#133 of 550 • Bottom 8.0% in tier

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

Why This Signature
Member Growth (YoY): -4.62%
(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

Stagnation Risk

risk
#224 of 550 • Bottom 13.6% 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: 0.63%
(Tier: 0.77%, National: 0.71%)
worse than tier avg
Member Growth (YoY): -4.62%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $17.9K
(Tier: $25.0K, National: $19.4K)
worse than tier avg
CD Concentration: 16.04%
(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 | Rank improving

Credit Quality Pressure

risk
#632 of 736 • Bottom 25.5% in tier

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

Why This Signature
Delinquency Change (YoY): 0.04% points
(Tier: 0.04% points, National: 0.07% points)
but better than tier avg
736 of 1077 Community CUs have this signature | 1002 nationally
↓ Shrinking -199 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 1077 peers in tier

Top Strengths (5 metrics)

54
Total Members
engagement
Value: 33,592
Peer Avg: 15,628
#54 of 1077 Top 4.9% in 100M-500M tier
116
Total Deposits
balance_sheet
Value: $345.90M
Peer Avg: $200.29M
#116 of 1077 Top 10.7% in 100M-500M tier
119
Total Assets
balance_sheet
Value: $395.97M
Peer Avg: $231.30M
#119 of 1077 Top 11.0% in 100M-500M tier
138
Total Loans
balance_sheet
Value: $256.62M
Peer Avg: $147.80M
#138 of 1077 Top 12.7% in 100M-500M tier
185
Net Interest Margin (NIM)
profitability
Value: 4.19%
Peer Avg: 3.58%
#185 of 1077 Top 17.1% in 100M-500M tier

Top Weaknesses (5 metrics)

1052
Net Charge-Off Rate
risk
Value: 1.71%
Peer Avg: 0.47%
#1052 of 1077 Bottom 2.4% in 100M-500M tier
1003
Indirect Auto Concentration (%)
balance_sheet
Value: 42.85%
Peer Avg: 13.34%
#1003 of 1077 Bottom 7.0% in 100M-500M tier
987
Loan Growth Rate
growth
Value: -6.54%
Peer Avg: 3.45%
#987 of 1077 Bottom 8.4% in 100M-500M tier
962
Member Growth Rate
growth
Value: -4.62%
Peer Avg: 0.72%
#962 of 1077 Bottom 10.8% in 100M-500M tier
838
Average Member Relationship (AMR)
engagement
Value: $17,936
Peer Avg: $24,363
#838 of 1077 Bottom 22.3% in 100M-500M tier