HORIZON

Charter #67264 | WA

1B-3B (304 CUs) Mid-Market (380 CUs)
9 1B-3B in WA

HORIZON has 4 strengths but faces 10 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Relationship Depth Leader: Top 27.7% in tier
  • + Wallet Share Momentum: Top 33.4% in tier
  • + Net Interest Margin 0.22% above tier average
  • + Total Delinquency Rate (60+ days): Top 5.6% in tier

Key Concerns

Areas that may need attention

  • - Stagnation Risk: Bottom 11.7% in tier
  • - Membership Headwinds: Bottom 18.4% in tier
  • - Indirect Auto Dependency: Bottom 21.1% in tier
  • - Institutional Decline: Bottom 21.6% in tier
  • - Liquidity Strain: Bottom 24.6% in tier
  • - Liquidity Overhang: Bottom 33.0% in tier
  • - Flatlined Growth: Bottom 45.7% in tier
  • - ROA 0.08% below tier average
  • - Efficiency ratio 2.79% above tier (higher cost structure)
  • - Member decline: -2.5% YoY

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 108,019
-2.5% YoY-0.7% QoQ
 +9.3K 98,678
-1.9% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 64th in tier
Assets $2.0B
+1.3% YoY+0.9% QoQ
 +$316.2M $1.7B
+0.5% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 69th in tier
Loans $1.7B
-1.5% YoY-1.2% QoQ
 +$429.1M $1.2B
+0.5% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 Top 21.1% in tier
Deposits $1.7B
-1.1% YoY+1.5% QoQ
 +$263.0M $1.5B
+1.3% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 70th in tier
ROA 0.6%
+374.2% YoY+18.9% QoQ
 -0.1% 0.7%
+13.4% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 46th in tier
NIM 3.5%
+5.9% YoY+0.7% QoQ
 +0.2% 3.3%
+9.3% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 64th in tier
Efficiency Ratio 76.8%
-8.7% YoY-1.5% QoQ
 +2.8% 74.0%
-10.9% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 60th in tier
Delinquency Rate 0.2%
-8.2% YoY+12.9% QoQ
 -0.6 0.8%
+6.1% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 Bottom 5.6% in tier
Loan To Share 96.8%
-0.4% YoY-2.6% QoQ
 +11.6% 85.2%
-0.8% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 Top 19.4% in tier
AMR $31,287
+1.2% YoY+0.9% QoQ
 +$2K $29,172
+2.8% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 69th in tier
CD Concentration 39.4%
-3.6% YoY+3.9% QoQ
 +10.4% 29.0%
+0.8% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 Top 13.2% in tier
Indirect Auto % 25.5%
+2.9% YoY-0.1% QoQ
 +6.7% 18.8%
-2.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 68th in tier

Signature Analysis

Strengths (2)

Relationship Depth Leader

growth
#201 of 264 • Top 27.7% in tier

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

Why This Signature
AMR Growth (YoY): 1.21%
(Tier: 3.04%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $3.1K
(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 | New qualifier

Wallet Share Momentum

growth
#242 of 264 • Top 33.4% in tier

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

Why This Signature
AMR Growth (YoY): 1.21%
(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 | New qualifier

Concerns (7)

Stagnation Risk

risk
#29 of 85 • Bottom 11.7% 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: 0.62%
(Tier: 0.71%, National: 0.71%)
worse than tier avg
Member Growth (YoY): -2.46%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $31.3K
(Tier: $29.2K, National: $19.4K)
but better than tier avg
CD Concentration: 39.42%
(Tier: 28.98%, National: 19.60%)
worse than tier avg
85 of 380 Mid-Market CUs have this signature | 648 nationally
↑ Growing +6 CUs YoY | Rank improving

Membership Headwinds

decline
#45 of 85 • Bottom 18.4% in tier

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

Why This Signature
Member Growth (YoY): -2.46%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
85 of 380 Mid-Market CUs have this signature | 648 nationally
↑ Growing +6 CUs YoY

Indirect Auto Dependency

risk
#131 of 202 • Bottom 21.1% in tier

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

Why This Signature
Asset Growth (YoY): 1.29%
(Tier: 5.36%, National: 3.04%)
worse than tier avg
Indirect Auto %: 25.47%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): -2.46%
(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

Institutional Decline

decline
#23 of 31 • Bottom 21.6% in tier

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

Why This Signature
Total Assets: $2.04B
(Tier: $1.72B, National: $547.69M)
but better than tier avg
Member Growth (YoY): -2.46%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
Loan Growth (YoY): -1.48%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
31 of 380 Mid-Market CUs have this signature | 293 nationally
↓ Shrinking -6 CUs YoY

Liquidity Strain

risk
#130 of 183 • Bottom 24.6% in tier

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

Why This Signature
Loan-to-Share Ratio: 96.79%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): -1.48%
(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

Liquidity Overhang

risk
#107 of 113 • Bottom 33.0% in tier

Very high net worth ratio (>12%). Strong capital position may indicate opportunity to deploy capital more productively.

Why This Signature
Net Worth Ratio: 12.22%
(Tier: 11.30%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 96.79%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
113 of 380 Mid-Market CUs have this signature | 691 nationally
↑ Growing +9 CUs YoY | New qualifier

Flatlined Growth

risk
#17 of 18 • Bottom 45.7% in tier

Asset growth has flattened despite healthy profitability. May indicate a need to reassess growth strategy.

Why This Signature
Total Assets: $2.04B
(Tier: $1.72B, National: $547.69M)
but better than tier avg
Asset Growth (YoY): 1.29%
(Tier: 5.36%, National: 3.04%)
worse than tier avg
Return on Assets: 0.62%
(Tier: 0.71%, National: 0.71%)
worse than tier avg
18 of 380 Mid-Market CUs have this signature | 82 nationally
→ Stable (18→18 CUs) | 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 (5 metrics)

18
Total Delinquency Rate (60+ days)
risk
Value: 0.23%
Peer Avg: 0.83%
#18 of 304 Top 5.6% in 1B-3B tier
50
First Mortgage Concentration (%)
balance_sheet
Value: 19.63%
Peer Avg: 34.01%
#50 of 304 Top 16.1% in 1B-3B tier
59
Loan-to-Share Ratio
balance_sheet
Value: 96.79%
Peer Avg: 85.19%
#59 of 304 Top 19.1% in 1B-3B tier
64
Total Loans
balance_sheet
Value: $1.66B
Peer Avg: $1.23B
#64 of 304 Top 20.7% in 1B-3B tier
69
Loan-to-Member Ratio (LMR)
engagement
Value: $15,388
Peer Avg: $13,213
#69 of 304 Top 22.4% in 1B-3B tier

Top Weaknesses (6 metrics)

271
Share Certificate Concentration (%)
balance_sheet
Value: 39.42%
Peer Avg: 28.53%
#271 of 304 Bottom 11.2% in 1B-3B tier
270
Deposit Growth Rate
growth
Value: -1.09%
Peer Avg: 5.58%
#270 of 304 Bottom 11.5% in 1B-3B tier
265
Fee Income Per Member
profitability
Value: $138.30
Peer Avg: $210.52
#265 of 304 Bottom 13.2% in 1B-3B tier
261
Member Growth Rate
growth
Value: -2.46%
Peer Avg: 2.20%
#261 of 304 Bottom 14.5% in 1B-3B tier
252
Loan Growth Rate
growth
Value: -1.48%
Peer Avg: 5.27%
#252 of 304 Bottom 17.4% in 1B-3B tier
250
Members Per Employee (MPE)
engagement
Value: 290.374
Peer Avg: 364.953
#250 of 304 Bottom 18.1% in 1B-3B tier