QUALSTAR

Charter #68223 | WA

750M-1B (112 CUs) Community (281 CUs)
3 750M-1B in WA

QUALSTAR has 9 strengths but faces 8 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Wallet Share Momentum: Top 3.0% in tier
  • + Relationship Depth Leader: Top 12.0% in tier
  • + ROA 0.69% above tier average
  • + Net Interest Margin 0.71% above tier average
  • + Share Certificate Concentration (%): Top 1.8% in tier
  • + Efficiency Ratio: Top 4.5% in tier
  • + AMR Growth Rate: Top 5.4% in tier
  • + Members Per Employee (MPE): Top 5.4% in tier
  • + Net Worth Ratio: Top 8.0% in tier

Key Concerns

Areas that may need attention

  • - Stagnation Risk: Bottom 6.6% in tier
  • - Liquidity Overhang: Bottom 12.1% in tier
  • - Membership Headwinds: Bottom 14.8% in tier
  • - Delinquency rate 0.46% above tier average
  • - Member decline: -2.8% YoY
  • - Net Charge-Off Rate: Bottom 0.9% in tier
  • - Average Member Relationship (AMR): Bottom 8.0% in tier
  • - Loan-to-Member Ratio (LMR): Bottom 9.8% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 68,046
-2.8% YoY+0.3% QoQ
 +15.9K 52,114
-2.1% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 Top 13.4% in tier
Assets $891.4M
+8.4% YoY+2.0% QoQ
 +$32.4M $859.0M
+0.0% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 64th in tier
Loans $562.5M
+9.5% YoY+3.1% QoQ
 $-40.8M $603.4M
+1.0% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 30th in tier
Deposits $735.1M
+7.9% YoY+1.1% QoQ
 +$972K $734.2M
+0.9% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 56th in tier
ROA 1.4%
-1.2% YoY+53.9% QoQ
 +0.7% 0.7%
+27.6% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 Top 11.6% in tier
NIM 4.1%
+8.2% YoY+2.4% QoQ
 +0.7% 3.4%
+9.6% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 Top 11.6% in tier
Efficiency Ratio 51.1%
-5.2% YoY-4.5% QoQ
 -23.4% 74.5%
-3.2% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 Bottom 4.5% in tier
Delinquency Rate 1.3%
-39.1% YoY-28.5% QoQ
 +0.5 0.8%
+5.0% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 Top 18.8% in tier
Loan To Share 76.5%
+1.4% YoY+2.0% QoQ
 -6.1% 82.7%
+0.1% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 28th in tier
AMR $19,071
+11.7% YoY+1.7% QoQ
 $-10K $28,651
+2.5% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 Bottom 7.1% in tier
CD Concentration 5.9%
-12.9% YoY-4.1% QoQ
 -18.5% 24.4%
+4.2% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 Bottom 4.5% in tier
Indirect Auto % 12.4%
-13.5% YoY-6.3% QoQ
 -1.6% 14.0%
-5.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 58th in tier

Signature Analysis

Strengths (2)

Wallet Share Momentum

growth
#84 of 1006 • Top 3.0% in tier

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

Why This Signature
AMR Growth (YoY): 11.72%
(Tier: 3.68%, National: 4.19%)
better than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank improving

Relationship Depth Leader

growth
#333 of 1006 • Top 12.0% in tier

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

Why This Signature
AMR Growth (YoY): 11.72%
(Tier: 3.68%, National: 4.19%)
better than tier avg
Share Draft per Member: $2.1K
(Tier: $2.8K, National: $2.0K)
but worse than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank improving

Concerns (3)

Stagnation Risk

risk
#110 of 550 • Bottom 6.6% 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: 1.40%
(Tier: 0.77%, National: 0.71%)
but better than tier avg
Member Growth (YoY): -2.81%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $19.1K
(Tier: $25.0K, National: $19.4K)
worse than tier avg
CD Concentration: 5.92%
(Tier: 24.41%, National: 19.60%)
but better than tier avg
550 of 281 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank improving

Liquidity Overhang

risk
#188 of 552 • Bottom 12.1% 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: 15.97%
(Tier: 11.95%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 76.52%
(Tier: 74.56%, National: 67.96%)
but better than tier avg
552 of 281 Community CUs have this signature | 691 nationally
↑ Growing +65 CUs YoY | Rank worsening

Membership Headwinds

decline
#245 of 550 • Bottom 14.8% in tier

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

Why This Signature
Member Growth (YoY): -2.81%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
550 of 281 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank worsening

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 112 peers in tier

Top Strengths (12 metrics)

3
Share Certificate Concentration (%)
balance_sheet
Value: 5.92%
Peer Avg: 28.34%
#3 of 112 Top 1.8% in 750M-1B tier
6
Efficiency Ratio
profitability
Value: 51.09%
Peer Avg: 74.52%
#6 of 112 Top 4.5% in 750M-1B tier
7
AMR Growth Rate
growth
Value: 11.72%
Peer Avg: 4.90%
#7 of 112 Top 5.4% in 750M-1B tier
7
Members Per Employee (MPE)
engagement
Value: 544.368
Peer Avg: 361.634
#7 of 112 Top 5.4% in 750M-1B tier
10
Net Worth Ratio
risk
Value: 15.97%
Peer Avg: 11.52%
#10 of 112 Top 8.0% in 750M-1B tier
13
Return on Assets (ROA)
profitability
Value: 1.40%
Peer Avg: 0.71%
#13 of 112 Top 10.7% in 750M-1B tier
13
Net Interest Margin (NIM)
profitability
Value: 4.08%
Peer Avg: 3.38%
#13 of 112 Top 10.7% in 750M-1B tier
15
Total Members
engagement
Value: 68,046
Peer Avg: 52,114
#15 of 112 Top 12.5% in 750M-1B tier
22
First Mortgage Concentration (%)
balance_sheet
Value: 19.24%
Peer Avg: 33.64%
#22 of 112 Top 18.8% in 750M-1B tier
24
Asset Growth Rate
growth
Value: 8.43%
Peer Avg: 4.25%
#24 of 112 Top 20.5% in 750M-1B tier

Top Weaknesses (5 metrics)

112
Net Charge-Off Rate
risk
Value: 2.20%
Peer Avg: 0.61%
#112 of 112 Bottom 0.9% in 750M-1B tier
104
Average Member Relationship (AMR)
engagement
Value: $19,071
Peer Avg: $28,651
#104 of 112 Bottom 8.0% in 750M-1B tier
102
Loan-to-Member Ratio (LMR)
engagement
Value: $8,267
Peer Avg: $12,810
#102 of 112 Bottom 9.8% in 750M-1B tier
96
Member Growth Rate
growth
Value: -2.81%
Peer Avg: 1.14%
#96 of 112 Bottom 15.2% in 750M-1B tier
92
Total Delinquency Rate (60+ days)
risk
Value: 1.28%
Peer Avg: 0.82%
#92 of 112 Bottom 18.8% in 750M-1B tier