VERITY

Charter #68517 | WA

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

VERITY has 3 strengths but faces 9 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Relationship Depth Leader: Top 8.6% in tier
  • + Wallet Share Momentum: Top 25.0% in tier
  • + Net Interest Margin 0.32% above tier average

Key Concerns

Areas that may need attention

  • - Institutional Decline: Bottom 1.1% in tier
  • - Membership Headwinds: Bottom 7.7% in tier
  • - Stagnation Risk: Bottom 15.6% in tier
  • - Efficiency Drag: Bottom 21.1% in tier
  • - ROA 0.95% below tier average
  • - Efficiency ratio 14.83% above tier (higher cost structure)
  • - Delinquency rate 0.15% above tier average
  • - Member decline: -4.7% YoY
  • - Loan Growth Rate: Bottom 4.5% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 35,326
-4.7% YoY-1.1% QoQ
 -16.8K 52,114
-2.1% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 Bottom 17.9% in tier
Assets $774.7M
+3.3% YoY+0.7% QoQ
 $-84.3M $859.0M
+0.0% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 Bottom 15.2% in tier
Loans $585.5M
-8.0% YoY-0.4% QoQ
 $-17.9M $603.4M
+1.0% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 38th in tier
Deposits $677.7M
+4.5% YoY+1.0% QoQ
 $-56.5M $734.2M
+0.9% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 Bottom 20.5% in tier
ROA -0.2%
-158.0% YoY-39.6% QoQ
 -1.0% 0.7%
+27.6% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 Bottom 2.7% in tier
NIM 3.7%
-4.2% YoY+1.9% QoQ
 +0.3% 3.4%
+9.6% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 70th in tier
Efficiency Ratio 89.3%
+18.2% YoY-5.7% QoQ
 +14.8% 74.5%
-3.2% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 Top 5.4% in tier
Delinquency Rate 1.0%
-45.2% YoY-15.4% QoQ
 +0.1 0.8%
+5.0% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 70th in tier
Loan To Share 86.4%
-12.0% YoY-1.4% QoQ
 +3.7% 82.7%
+0.1% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 48th in tier
AMR $35,757
+3.2% YoY+1.4% QoQ
 +$7K $28,651
+2.5% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 Top 17.9% in tier
CD Concentration 29.0%
+13.8% YoY+3.5% QoQ
 +4.6% 24.4%
+4.2% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 68th in tier
Indirect Auto % 4.0%
-34.2% YoY-8.5% QoQ
 -10.0% 14.0%
-5.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 43rd in tier

Signature Analysis

Strengths (2)

Relationship Depth Leader

growth
#237 of 1006 • Top 8.6% in tier

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

Why This Signature
AMR Growth (YoY): 3.16%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $6.3K
(Tier: $2.8K, National: $2.0K)
better than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | New qualifier

Wallet Share Momentum

growth
#689 of 1006 • Top 25.0% in tier

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

Why This Signature
AMR Growth (YoY): 3.16%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | New qualifier

Concerns (4)

Institutional Decline

decline
#10 of 256 • Bottom 1.1% in tier

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

Why This Signature
Total Assets: $774.66M
(Tier: $859.01M, National: $547.69M)
worse than tier avg
Member Growth (YoY): -4.72%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Loan Growth (YoY): -8.03%
(Tier: 3.64%, National: 36.38%)
worse than tier avg
256 of 281 Community CUs have this signature | 293 nationally
↓ Shrinking -43 CUs YoY | Rank worsening

Membership Headwinds

decline
#128 of 550 • Bottom 7.7% in tier

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

Why This Signature
Member Growth (YoY): -4.72%
(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

Stagnation Risk

risk
#258 of 550 • Bottom 15.6% 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: -0.24%
(Tier: 0.77%, National: 0.71%)
worse than tier avg
Member Growth (YoY): -4.72%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $35.8K
(Tier: $25.0K, National: $19.4K)
but better than tier avg
CD Concentration: 29.02%
(Tier: 24.41%, National: 19.60%)
worse than tier avg
550 of 281 Community CUs have this signature | 648 nationally
→ Stable (555→550 CUs) -5 CUs YoY | Rank worsening

Efficiency Drag

risk
#373 of 521 • Bottom 21.1% in tier

High efficiency ratio (>80%) indicates elevated operating costs relative to revenue. Margin improvement opportunities may exist.

Why This Signature
Efficiency Ratio: 89.35%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): -0.66% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Member Growth (YoY): -4.72%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
521 of 281 Community CUs have this signature | 624 nationally
↓ Shrinking -113 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 112 peers in tier

Top Strengths (2 metrics)

18
Loan-to-Member Ratio (LMR)
engagement
Value: $16,574
Peer Avg: $12,810
#18 of 112 Top 15.2% in 750M-1B tier
20
Average Member Relationship (AMR)
engagement
Value: $35,757
Peer Avg: $28,651
#20 of 112 Top 17.0% in 750M-1B tier

Top Weaknesses (9 metrics)

109
Return on Assets (ROA)
profitability
Value: -0.24%
Peer Avg: 0.71%
#109 of 112 Bottom 3.6% in 750M-1B tier
108
Loan Growth Rate
growth
Value: -8.03%
Peer Avg: 4.84%
#108 of 112 Bottom 4.5% in 750M-1B tier
107
Efficiency Ratio
profitability
Value: 89.35%
Peer Avg: 74.52%
#107 of 112 Bottom 5.4% in 750M-1B tier
101
Member Growth Rate
growth
Value: -4.72%
Peer Avg: 1.14%
#101 of 112 Bottom 10.7% in 750M-1B tier
95
Total Assets
balance_sheet
Value: $774.66M
Peer Avg: $859.01M
#95 of 112 Bottom 16.1% in 750M-1B tier
94
Members Per Employee (MPE)
engagement
Value: 261.674
Peer Avg: 361.634
#94 of 112 Bottom 17.0% in 750M-1B tier
93
Net Worth Ratio
risk
Value: 9.11%
Peer Avg: 11.52%
#93 of 112 Bottom 17.9% in 750M-1B tier
92
Total Members
engagement
Value: 35,326
Peer Avg: 52,114
#92 of 112 Bottom 18.8% in 750M-1B tier
89
Total Deposits
balance_sheet
Value: $677.68M
Peer Avg: $734.17M
#89 of 112 Bottom 21.4% in 750M-1B tier