PUGET SOUND COOPERATIVE
Charter #68204 | WA
100M-500M
(1077 CUs)
Micro
($0-$500M)
18 100M-500M in WA
PUGET SOUND COOPERATIVE has 5 strengths but faces 14 concerns
Key Strengths
Areas where this CU excels compared to peers
- + Indirect Auto Concentration (%): Top 0.0% in tier
- + Members Per Employee (MPE): Top 2.8% in tier
- + First Mortgage Concentration (%): Top 3.2% in tier
- + Loan-to-Share Ratio: Top 3.7% in tier
- + Net Charge-Off Rate: Top 3.8% in tier
Key Concerns
Areas that may need attention
- - Efficiency Drag: Bottom 12.0% in tier
- - Institutional Decline: Bottom 15.0% in tier
- - Accelerating Exit Risk: Bottom 17.9% in tier
- - Credit Quality Pressure: Bottom 18.0% in tier
- - Liquidity Strain: Bottom 19.1% in tier
- - Membership Headwinds: Bottom 19.5% in tier
- - Stagnation Risk: Bottom 21.1% in tier
- - Shrinking Wallet Share: Bottom 23.6% in tier
- - Flatlined Growth: Bottom 45.6% in tier
- - ROA 0.38% below tier average
- - Efficiency ratio 8.92% above tier (higher cost structure)
- - Share Certificate Concentration (%): Bottom 5.9% in tier
- - Fee Income Per Member: Bottom 6.1% in tier
- - Net Worth Ratio: Bottom 7.9% in tier
Core Metrics
As of 2025-Q3
| Metric | Current | vs Tier | Tier Avg | State Avg (WA) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Members |
17,471
-2.0% YoY-0.0% QoQ
|
+1.8K |
15,628
-3.4% YoY
|
65,720
+2.5% YoY
|
33,089
+6.1% YoY
|
66th in tier |
| Assets |
$257.5M
+0.7% YoY-0.4% QoQ
|
+$26.2M |
$231.3M
-0.0% YoY
|
$1.2B
+3.7% YoY
|
$547.7M
+7.8% YoY
|
66th in tier |
| Loans |
$222.1M
-5.5% YoY-0.8% QoQ
|
+$74.3M |
$147.8M
-1.4% YoY
|
$909.1M
+5.1% YoY
|
$388.7M
+8.6% YoY
|
Top 19.7% in tier |
| Deposits |
$225.1M
+0.4% YoY-0.6% QoQ
|
+$24.8M |
$200.3M
-0.0% YoY
|
$1.0B
+6.5% YoY
|
$464.6M
+9.3% YoY
|
66th in tier |
| ROA |
0.4%
+61.0% YoY+19.8% QoQ
|
-0.4% |
0.8%
+15.5% YoY
|
0.6%
+9.9% YoY
|
0.7%
+273.4% YoY
|
26th in tier |
| NIM |
2.8%
+12.8% YoY+4.4% QoQ
|
-0.8% |
3.6%
+6.9% YoY
|
3.7%
+4.7% YoY
|
3.7%
+5.0% YoY
|
Bottom 11.1% in tier |
| Efficiency Ratio |
86.2%
-4.6% YoY-1.3% QoQ
|
+8.9% |
77.3%
-3.0% YoY
|
76.4%
-1.1% YoY
|
79.1%
-3.3% YoY
|
Top 20.0% in tier |
| Delinquency Rate |
0.4%
+51.0% YoY+45.6% QoQ
|
-0.5 |
0.9%
+7.6% YoY
|
0.9%
-2.6% YoY
|
1.2%
-0.9% YoY
|
26th in tier |
| Loan To Share |
98.7%
-5.8% YoY-0.2% QoQ
|
+26.0% |
72.7%
-1.5% YoY
|
76.9%
-2.2% YoY
|
68.0%
-1.7% YoY
|
Top 3.8% in tier |
| AMR |
$25,594
-0.6% YoY-0.7% QoQ
|
+$1K |
$24,363
+2.9% YoY
|
$28,761
+2.7% YoY
|
$19,418
+1.3% YoY
|
67th in tier |
| CD Concentration |
41.1%
+73.2% YoY+17.5% QoQ
|
+16.7% |
24.4%
+4.2% YoY
|
22.3%
+2.5% YoY
|
19.6%
+6.2% YoY
|
50th in tier |
| Indirect Auto % | 0.0% | -14.0% |
14.0%
-5.8% YoY
|
17.1%
-8.4% YoY
|
7.9%
-2.9% YoY
|
50th in tier |
Signature Analysis
Strengths (0)
No strengths identified
Concerns (9)
Efficiency Drag
risk
#212 of 521 • Bottom 12.0% in tier
High efficiency ratio (>80%) indicates elevated operating costs relative to revenue. Margin improvement opportunities may exist.
Why This Signature
Efficiency Ratio:
86.20%
(Tier:
77.15%, National:
79.10%)
ROA Change (YoY):
0.16% points
(Tier:
0.11% points, National:
0.05% points)
Member Growth (YoY):
-2.00%
(Tier:
0.88%, National:
9.37%)
521 of 1077 Community CUs have this signature
| 624 nationally
↓ Shrinking
-113 CUs YoY
|
Rank worsening
Institutional Decline
decline
#119 of 256 • Bottom 15.0% in tier
Both members and loans declining - the institution is contracting. Leadership is likely under pressure to reverse course.
Why This Signature
Total Assets:
$257.47M
(Tier: $231.30M, National: $547.69M)
Member Growth (YoY):
-2.00%
(Tier:
0.88%, National:
9.37%)
Loan Growth (YoY):
-5.48%
(Tier:
3.64%, National:
36.38%)
256 of 1077 Community CUs have this signature
| 293 nationally
↓ Shrinking
-43 CUs YoY
|
New qualifier
Accelerating Exit Risk
decline
#48 of 58 • Bottom 17.9% in tier
Members leaving AND taking more deposits with them. This compounds quickly - urgent need for retention strategy.
Why This Signature
Member Growth (YoY):
-2.00%
(Tier:
0.88%, National:
9.37%)
AMR Growth (YoY):
-0.65%
(Tier:
3.68%, National:
4.19%)
58 of 1077 Community CUs have this signature
| 73 nationally
↓ Shrinking
-89 CUs YoY
|
New qualifier
Credit Quality Pressure
risk
#447 of 736 • Bottom 18.0% in tier
Delinquencies are rising year-over-year. Credit risk is building - they may need better underwriting tools.
Why This Signature
Delinquency Change (YoY):
0.13% points
(Tier:
0.04% points, National:
0.07% points)
736 of 1077 Community CUs have this signature
| 1002 nationally
↓ Shrinking
-199 CUs YoY
|
Rank improving
Liquidity Strain
risk
#149 of 258 • Bottom 19.1% in tier
Loan demand outpacing deposits. They're bumping against liquidity limits - need funding solutions.
Why This Signature
Loan-to-Share Ratio:
98.65%
(Tier:
74.56%, National:
67.96%)
Loan Growth (YoY):
-5.48%
(Tier:
3.64%, National:
36.38%)
258 of 1077 Community CUs have this signature
| 484 nationally
↓ Shrinking
-28 CUs YoY
|
Rank worsening
Membership Headwinds
decline
#322 of 550 • Bottom 19.5% in tier
Membership declining year-over-year. They need solutions to stop the bleeding before it impacts revenue.
Why This Signature
Member Growth (YoY):
-2.00%
(Tier:
0.88%, National:
9.37%)
550 of 1077 Community CUs have this signature
| 648 nationally
→ Stable (555→550 CUs)
-5 CUs YoY
|
Rank worsening
Stagnation Risk
risk
#348 of 550 • Bottom 21.1% 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:
0.41%
(Tier:
0.77%, National:
0.71%)
Member Growth (YoY):
-2.00%
(Tier:
0.88%, National:
9.37%)
Avg Member Relationship:
$25.6K
(Tier: $25.0K, National: $19.4K)
CD Concentration:
41.15%
(Tier:
24.41%, National:
19.60%)
550 of 1077 Community CUs have this signature
| 648 nationally
→ Stable (555→550 CUs)
-5 CUs YoY
Shrinking Wallet Share
decline
#236 of 244 • Bottom 23.6% in tier
Average member relationship declining year-over-year. Members may be moving money elsewhere or reducing engagement.
Why This Signature
AMR Growth (YoY):
-0.65%
(Tier:
3.68%, National:
4.19%)
244 of 1077 Community CUs have this signature
| 346 nationally
↓ Shrinking
-221 CUs YoY
|
New qualifier
Flatlined Growth
risk
#48 of 58 • Bottom 45.6% in tier
Asset growth has flattened despite healthy profitability. May indicate a need to reassess growth strategy.
Why This Signature
Total Assets:
$257.47M
(Tier: $231.30M, National: $547.69M)
Asset Growth (YoY):
0.68%
(Tier:
4.61%, National:
3.04%)
Return on Assets:
0.41%
(Tier:
0.77%, National:
0.71%)
58 of 1077 Community CUs have this signature
| 82 nationally
↑ Growing
+10 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)
Top Strengths (7 metrics)
1
Indirect Auto Concentration (%)
balance_sheet
Value:
0.00%
Peer Avg: 13.34%
#1 of 1077
Top 0.0% in 100M-500M tier
31
Members Per Employee (MPE)
engagement
Value:
582.367
Peer Avg: 332.881
#31 of 1077
Top 2.8% in 100M-500M tier
35
First Mortgage Concentration (%)
balance_sheet
Value:
2.30%
Peer Avg: 30.43%
#35 of 1077
Top 3.2% in 100M-500M tier
41
Loan-to-Share Ratio
balance_sheet
Value:
98.65%
Peer Avg: 72.70%
#41 of 1077
Top 3.7% in 100M-500M tier
42
Net Charge-Off Rate
risk
Value:
0.02%
Peer Avg: 0.47%
#42 of 1077
Top 3.8% in 100M-500M tier
210
Loan-to-Member Ratio (LMR)
engagement
Value:
$12,710
Peer Avg: $10,245
#210 of 1077
Top 19.4% in 100M-500M tier
212
Total Loans
balance_sheet
Value:
$222.06M
Peer Avg: $147.80M
#212 of 1077
Top 19.6% in 100M-500M tier
Top Weaknesses (9 metrics)
1014
Share Certificate Concentration (%)
balance_sheet
Value:
41.15%
Peer Avg: 23.61%
#1014 of 1077
Bottom 5.9% in 100M-500M tier
1012
Fee Income Per Member
profitability
Value:
$72.13
Peer Avg: $174.31
#1012 of 1077
Bottom 6.1% in 100M-500M tier
993
Net Worth Ratio
risk
Value:
8.46%
Peer Avg: 12.15%
#993 of 1077
Bottom 7.9% in 100M-500M tier
957
Net Interest Margin (NIM)
profitability
Value:
2.76%
Peer Avg: 3.58%
#957 of 1077
Bottom 11.2% in 100M-500M tier
957
Loan Growth Rate
growth
Value:
-5.48%
Peer Avg: 3.45%
#957 of 1077
Bottom 11.2% in 100M-500M tier
887
AMR Growth Rate
growth
Value:
-0.65%
Peer Avg: 3.64%
#887 of 1077
Bottom 17.7% in 100M-500M tier
863
Efficiency Ratio
profitability
Value:
86.20%
Peer Avg: 77.28%
#863 of 1077
Bottom 20.0% in 100M-500M tier
848
Deposit Growth Rate
growth
Value:
0.36%
Peer Avg: 4.69%
#848 of 1077
Bottom 21.4% in 100M-500M tier
826
Asset Growth Rate
growth
Value:
0.68%
Peer Avg: 4.70%
#826 of 1077
Bottom 23.4% in 100M-500M tier