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RED CANOE

Charter #68196 · WA

Mid-Market 1B-3B
300 CUs in 1B-3B nationally 9 in WA
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RED CANOE has 3 strengths but faces 7 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 49.9% in tier
  • + Relationship Depth Leader: Top 51.9% in tier
  • + Net Interest Margin 0.61% above tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 31.2% in tier
  • - Liquidity Strain: Bottom 37.1% in tier
  • - Margin Compression: Bottom 49.9% in tier
  • - Credit Risk Growth: Bottom 50.0% in tier
  • - Indirect Auto Dependency: Bottom 54.6% in tier
  • - Efficiency ratio 2.11% above tier (higher cost structure)
  • - Members Per Employee (MPE): Bottom 5.3% in tier

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 2026 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • One of 300 credit unions with $1B-$3B in assets nationally, and 1 of 9 that size in Washington.
  • Shares and deposits +5.1% year over year ($1.05B in shares and deposits).
  • Membership: 60,869 members, +2.5% vs a year ago.
  • Delinquency rate 0.60%.
  • Return on assets 0.80%.
  • Efficiency ratio 75.13% vs a 73.02% peer average.
  • Loan-to-share ratio 92.70% vs a 84.71% peer average.

Data period: Q2 2026 NCUA call report. Animation disabled (reduced-motion preference). Full details in the metrics table below.

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 60,869
+2.5% YoY+0.7% QoQ
-36.0K 96,861
-1.9% YoY
69,472
+6.3% YoY
34,678
+6.6% YoY
16%
Assets $1.2B
+4.8% YoY+0.1% QoQ
$-512.5M $1.7B
+0.4% YoY
$1.3B
+8.7% YoY
$593.1M
+10.2% YoY
23%
Loans $970.5M
+5.9% YoY+1.9% QoQ
$-263.7M $1.2B
+0.7% YoY
$968.5M
+8.7% YoY
$418.6M
+10.1% YoY
34%
Deposits $1.0B
+5.1% YoY-0.1% QoQ
$-416.4M $1.5B
+0.5% YoY
$1.1B
+8.8% YoY
$504.8M
+10.3% YoY
25%

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Tier 1
50+ financial metrics with peer benchmarks
Performance signatures (strengths & concerns)
AI-generated insights and rankings

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ROA 0.8%
-14.8% YoY-12.6% QoQ
+0.0% 0.8%
+27.6% YoY
0.7%
+22.8% YoY
1.2%
+121.4% YoY
52%
NIM 4.0%
+3.7% YoY+2.1% QoQ
+0.6% 3.4%
+6.6% YoY
3.8%
+3.6% YoY
3.8%
+2.3% YoY
Top 12.0% in tier
Efficiency Ratio 75.1%
+2.0% YoY-0.4% QoQ
+2.1% 73.0%
-2.7% YoY
77.5%
+0.3% YoY
83.0%
-5.3% YoY
58%
Delinquency Rate 0.6%
+26.1% YoY+13.5% QoQ
-0.3 0.9%
+7.3% YoY
0.9%
-3.0% YoY
1.3%
+2.6% YoY
40%
Loan To Share 92.7%
+0.7% YoY+2.0% QoQ
+8.0% 84.7%
+0.1% YoY
76.2%
-1.2% YoY
66.4%
-1.4% YoY
67%
AMR $33,144
+2.9% YoY+0.2% QoQ
+$4K $29,575
+1.5% YoY
$29,351
+3.2% YoY
$20,028
-0.9% YoY
77%
CD Concentration 28.0%
+7.0% YoY-0.0% QoQ
-1.1% 29.1% 22.7% 20.0% 46%
Indirect Auto % 15.9%
-0.4% YoY+0.3% QoQ
-2.2% 18.1% 16.0% 7.7% 51%

Signature Analysis

Strengths (2)

Emerging Performer

growth
#68 of 82 • Top 49.9% in tier

Smaller CU (bottom 50% by assets in tier) with strong profitability (ROA > 0.5%) AND growth (members >= 1%). Emerging leaders worth watching.

Why This Signature
Return on Assets: 0.80%
(Tier: 0.84%, National: 1.23%)
but worse than tier avg
Member Growth (YoY): 2.49%
(Tier: 3.16%, National: 15.67%)
but worse than tier avg
82 of 377 Mid-Market CUs have this signature | 283 nationally
↑ Growing +14 CUs YoY | New qualifier

Relationship Depth Leader

growth
#58 of 69 • Top 51.9% in tier

Top-tier average member relationship within peer group, with stable or growing engagement. Strong wallet share positioning.

Why This Signature
AMR Growth (YoY): 2.93%
(Tier: 3.62%, National: 35.20%)
but worse than tier avg
Share Draft per Member: $3.7K
(Tier: $3.2K, National: $2.1K)
better than tier avg
69 of 377 Mid-Market CUs have this signature | 354 nationally
↑ Growing +9 CUs YoY | Rank worsening

Concerns (5)

Credit Quality Pressure

risk
#116 of 215 • Bottom 31.2% in tier

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

Why This Signature
Delinquency Change (YoY): 0.12% points
(Tier: 0.06% points, National: 0.08% points)
worse than tier avg
215 of 377 Mid-Market CUs have this signature | 962 nationally
↓ Shrinking -28 CUs YoY | Rank improving

Credit Risk Growth

risk
#102 of 170 • Bottom 50.0% in tier

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

Why This Signature
Loan Growth (YoY): 5.87%
(Tier: 6.76%, National: 78.26%)
worse than tier avg
Delinquency Change (YoY): 0.12% points
(Tier: 0.06% points, National: 0.08% points)
worse than tier avg
170 of 377 Mid-Market CUs have this signature | 688 nationally
→ Stable (169→170 CUs) +1 CUs YoY | Rank improving

Liquidity Strain

risk
#133 of 168 • Bottom 37.1% in tier

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

Why This Signature
Loan-to-Share Ratio: 92.70%
(Tier: 85.94%, National: 66.39%)
but better than tier avg
Loan Growth (YoY): 5.87%
(Tier: 6.76%, National: 78.26%)
worse than tier avg
168 of 377 Mid-Market CUs have this signature | 432 nationally
→ Stable (173→168 CUs) -5 CUs YoY

Indirect Auto Dependency

risk
#181 of 193 • Bottom 54.6% in tier

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

Why This Signature
Asset Growth (YoY): 4.83%
(Tier: 6.52%, National: 3.30%)
worse than tier avg
Indirect Auto %: 15.86%
(Tier: 18.08%, National: 7.71%)
but better than tier avg
Member Growth (YoY): 2.49%
(Tier: 3.16%, National: 15.67%)
worse than tier avg
193 of 377 Mid-Market CUs have this signature | 714 nationally
↓ Shrinking -10 CUs YoY | Rank improving

Margin Compression

decline
#20 of 20 • Bottom 49.9% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10%. Something changed - rising costs or falling yields need addressing.

Why This Signature
Return on Assets: 0.80%
(Tier: 0.84%, National: 1.23%)
worse than tier avg
ROA (Prior Year): 0.94%
(Tier: 0.66%, National: 0.66%)
but better than tier avg
ROA Change (YoY): -0.14% points
(Tier: 0.18% points, National: 0.47% points)
worse than tier avg
20 of 377 Mid-Market CUs have this signature | 167 nationally
→ Stable (22→20 CUs) -2 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 300 peers in tier

Top Strengths (3 metrics)

36
Net Interest Margin (NIM)
profitability
Value: 4.03%
Peer Median: 3.46%
#36 of 300 Top 11.7% in 1B-3B tier
56
Loan-to-Member Ratio (LMR)
engagement
Value: $15,944
Peer Median: $12,809
#56 of 300 Top 18.3% in 1B-3B tier
69
Average Member Relationship (AMR)
engagement
Value: $33,144
Peer Median: $28,089
#69 of 300 Top 22.7% in 1B-3B tier

Top Weaknesses (4 metrics)

285
Members Per Employee (MPE)
engagement
Value: 242.506
Peer Median: 346.173
#285 of 300 Bottom 5.3% in 1B-3B tier
253
Total Members
engagement
Value: 60,869
Peer Median: 86,516
#253 of 300 Bottom 16.0% in 1B-3B tier
232
Total Assets
balance_sheet
Value: $1.21B
Peer Median: $1.51B
#232 of 300 Bottom 23.0% in 1B-3B tier
226
Total Deposits
balance_sheet
Value: $1.05B
Peer Median: $1.30B
#226 of 300 Bottom 25.0% in 1B-3B tier
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