KITSAP

Charter #68576 | WA

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

KITSAP has 6 strengths but faces 4 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Wallet Share Momentum: Top 25.5% in tier
  • + Relationship Depth Leader: Top 25.8% in tier
  • + Organic Growth Engine: Top 33.8% in tier
  • + Net Interest Margin 0.56% above tier average
  • + Members Per Employee (MPE): Top 5.9% in tier
  • + Total Members: Top 8.2% in tier

Key Concerns

Areas that may need attention

  • - Indirect Auto Dependency: Bottom 8.8% in tier
  • - ROA 0.37% below tier average
  • - Net Charge-Off Rate: Bottom 2.3% in tier
  • - Net Worth Ratio: Bottom 3.9% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 162,341
+0.7% YoY+1.1% QoQ
 +63.7K 98,678
-1.9% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 Top 8.6% in tier
Assets $2.4B
+4.6% YoY+4.0% QoQ
 +$719.1M $1.7B
+0.5% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 Top 17.1% in tier
Loans $1.8B
+1.2% YoY-0.7% QoQ
 +$603.8M $1.2B
+0.5% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 Top 13.5% in tier
Deposits $2.2B
+6.0% YoY+4.7% QoQ
 +$712.1M $1.5B
+1.3% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 Top 11.8% in tier
ROA 0.3%
+62.3% YoY+59.7% QoQ
 -0.4% 0.7%
+13.4% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 Bottom 16.8% in tier
NIM 3.8%
+13.1% YoY-0.6% QoQ
 +0.6% 3.3%
+9.3% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 Top 17.1% in tier
Efficiency Ratio 65.0%
-9.0% YoY-1.3% QoQ
 -9.0% 74.0%
-10.9% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 Bottom 16.8% in tier
Delinquency Rate 0.8%
-10.4% YoY-16.4% QoQ
 -0.0 0.8%
+6.1% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 61st in tier
Loan To Share 84.8%
-4.5% YoY-5.1% QoQ
 -0.4% 85.2%
-0.8% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 40th in tier
AMR $24,660
+3.0% YoY+1.0% QoQ
 $-5K $29,172
+2.8% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 32nd in tier
CD Concentration 28.7%
-7.1% YoY+2.2% QoQ
 -0.3% 29.0%
+0.8% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 51st in tier
Indirect Auto % 34.6%
-9.6% YoY-12.3% QoQ
 +15.8% 18.8%
-2.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 Top 17.7% in tier

Signature Analysis

Strengths (3)

Wallet Share Momentum

growth
#185 of 264 • Top 25.5% in tier

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

Why This Signature
AMR Growth (YoY): 3.00%
(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 | Rank worsening

Relationship Depth Leader

growth
#187 of 264 • Top 25.8% in tier

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

Why This Signature
AMR Growth (YoY): 3.00%
(Tier: 3.04%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $2.8K
(Tier: $3.1K, National: $2.0K)
but worse than tier avg
264 of 380 Mid-Market CUs have this signature | 1330 nationally
↑ Growing +60 CUs YoY | Rank worsening

Organic Growth Engine

growth
#246 of 246 • Top 33.8% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 0.75%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
Return on Assets: 0.33%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 34.58%
(Tier: 18.80%, National: 7.90%)
but worse than tier avg
246 of 380 Mid-Market CUs have this signature | 917 nationally
↑ Growing +14 CUs YoY | Rank worsening

Concerns (1)

Indirect Auto Dependency

risk
#55 of 202 • Bottom 8.8% in tier

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

Why This Signature
Asset Growth (YoY): 4.60%
(Tier: 5.36%, National: 3.04%)
worse than tier avg
Indirect Auto %: 34.58%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 0.75%
(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 | 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 304 peers in tier

Top Strengths (8 metrics)

19
Members Per Employee (MPE)
engagement
Value: 488.979
Peer Avg: 364.953
#19 of 304 Top 5.9% in 1B-3B tier
26
Total Members
engagement
Value: 162,341
Peer Avg: 98,678
#26 of 304 Top 8.2% in 1B-3B tier
36
Total Deposits
balance_sheet
Value: $2.17B
Peer Avg: $1.45B
#36 of 304 Top 11.5% in 1B-3B tier
41
Total Loans
balance_sheet
Value: $1.84B
Peer Avg: $1.23B
#41 of 304 Top 13.2% in 1B-3B tier
52
Net Interest Margin (NIM)
profitability
Value: 3.82%
Peer Avg: 3.26%
#52 of 304 Top 16.8% in 1B-3B tier
52
Efficiency Ratio
profitability
Value: 64.96%
Peer Avg: 73.97%
#52 of 304 Top 16.8% in 1B-3B tier
52
Total Assets
balance_sheet
Value: $2.44B
Peer Avg: $1.72B
#52 of 304 Top 16.8% in 1B-3B tier
58
First Mortgage Concentration (%)
balance_sheet
Value: 21.07%
Peer Avg: 34.01%
#58 of 304 Top 18.8% in 1B-3B tier

Top Weaknesses (4 metrics)

298
Net Charge-Off Rate
risk
Value: 1.66%
Peer Avg: 0.60%
#298 of 304 Bottom 2.3% in 1B-3B tier
293
Net Worth Ratio
risk
Value: 8.29%
Peer Avg: 11.44%
#293 of 304 Bottom 3.9% in 1B-3B tier
253
Return on Assets (ROA)
profitability
Value: 0.33%
Peer Avg: 0.70%
#253 of 304 Bottom 17.1% in 1B-3B tier
252
Indirect Auto Concentration (%)
balance_sheet
Value: 34.58%
Peer Avg: 18.32%
#252 of 304 Bottom 17.4% in 1B-3B tier