LAFCU

Charter #68632 | MI

1B-3B (304 CUs) Mid-Market (380 CUs)
19 1B-3B in MI

LAFCU has 6 strengths but faces 11 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 20.2% in tier
  • + Wallet Share Momentum: Top 33.8% in tier
  • + Relationship Depth Leader: Top 36.0% in tier
  • + ROA 0.12% above tier average
  • + Net Interest Margin 1.02% above tier average
  • + Net Worth Ratio: Top 1.3% in tier

Key Concerns

Areas that may need attention

  • - Cost Spiral: Bottom 0.0% in tier
  • - Liquidity Overhang: Bottom 5.6% in tier
  • - Indirect Auto Dependency: Bottom 7.5% in tier
  • - Margin Compression: Bottom 12.2% in tier
  • - Stagnation Risk: Bottom 21.8% in tier
  • - Institutional Decline: Bottom 29.4% in tier
  • - Membership Headwinds: Bottom 31.8% in tier
  • - Delinquency rate 0.47% above tier average
  • - Indirect Auto Concentration (%): Bottom 6.9% in tier
  • - Net Charge-Off Rate: Bottom 8.6% in tier
  • - Total Deposits: Bottom 8.6% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Members 73,562
-0.7% YoY+0.0% QoQ
 -25.1K 98,678
-1.9% YoY
 35,456
+8.6% YoY
 33,089
+6.1% YoY
 31st in tier
Assets $1.1B
+1.7% YoY-0.7% QoQ
 $-579.5M $1.7B
+0.5% YoY
 $650.8M
+12.6% YoY
 $547.7M
+7.8% YoY
 Bottom 15.8% in tier
Loans $786.3M
-0.9% YoY+1.0% QoQ
 $-446.8M $1.2B
+0.5% YoY
 $461.6M
+14.9% YoY
 $388.7M
+8.6% YoY
 Bottom 14.5% in tier
Deposits $907.2M
+1.7% YoY-1.2% QoQ
 $-547.1M $1.5B
+1.3% YoY
 $550.3M
+12.5% YoY
 $464.6M
+9.3% YoY
 Bottom 8.2% in tier
ROA 0.8%
-93.8% YoY-15.6% QoQ
 +0.1% 0.7%
+13.4% YoY
 0.8%
-27.1% YoY
 0.7%
+273.4% YoY
 64th in tier
NIM 4.3%
+14.6% YoY+2.0% QoQ
 +1.0% 3.3%
+9.3% YoY
 3.7%
+8.5% YoY
 3.7%
+5.0% YoY
 Top 5.9% in tier
Efficiency Ratio 70.4%
+248.1% YoY-1.0% QoQ
 -3.6% 74.0%
-10.9% YoY
 76.1%
-1.3% YoY
 79.1%
-3.3% YoY
 32nd in tier
Delinquency Rate 1.3%
-7.2% YoY+13.6% QoQ
 +0.5 0.8%
+6.1% YoY
 0.9%
-19.7% YoY
 1.2%
-0.9% YoY
 Top 15.1% in tier
Loan To Share 86.7%
-2.5% YoY+2.2% QoQ
 +1.5% 85.2%
-0.8% YoY
 68.1%
+0.3% YoY
 68.0%
-1.7% YoY
 47th in tier
AMR $23,022
+1.2% YoY-0.2% QoQ
 $-6K $29,172
+2.8% YoY
 $22,054
+2.5% YoY
 $19,418
+1.3% YoY
 Bottom 21.1% in tier
CD Concentration 31.6%
-5.1% YoY+2.3% QoQ
 +2.6% 29.0%
+0.8% YoY
 18.6%
+6.0% YoY
 19.6%
+6.2% YoY
 64th in tier
Indirect Auto % 45.3%
-10.0% YoY-3.7% QoQ
 +26.5% 18.8%
-2.8% YoY
 11.9%
-2.7% YoY
 7.9%
-2.9% YoY
 Top 7.1% in tier

Signature Analysis

Strengths (3)

Emerging Performer

growth
#108 of 184 • Top 20.2% in tier

Profitable credit union with positive returns. May represent growth potential worth exploring.

Why This Signature
Return on Assets: 0.82%
(Tier: 0.71%, National: 0.71%)
better than tier avg
Member Growth (YoY): -0.67%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
184 of 380 Mid-Market CUs have this signature | 852 nationally
↑ Growing +18 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#245 of 264 • Top 33.8% in tier

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

Why This Signature
AMR Growth (YoY): 1.16%
(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
#261 of 264 • Top 36.0% in tier

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

Why This Signature
AMR Growth (YoY): 1.16%
(Tier: 3.04%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $1.9K
(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

Concerns (7)

Cost Spiral

risk
#1 of 14 • Bottom 0.0% in tier

Historically lean operator now seeing efficiency ratio rise significantly. Efficiency advantage eroding - early intervention critical.

Why This Signature
Efficiency Ratio Change: 50.15% points
(Tier: -7.46% points, National: -1.81% points)
worse than tier avg
Efficiency Ratio (Prior Year): -
(Tier: -, National: -)
Total Assets: $1.14B
(Tier: $1.72B, National: $547.69M)
worse than tier avg
14 of 380 Mid-Market CUs have this signature | 80 nationally
→ Stable (16→14 CUs) -2 CUs YoY | New qualifier

Liquidity Overhang

risk
#19 of 113 • Bottom 5.6% 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: 20.45%
(Tier: 11.30%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 86.67%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
113 of 380 Mid-Market CUs have this signature | 691 nationally
↑ Growing +9 CUs YoY

Indirect Auto Dependency

risk
#47 of 202 • Bottom 7.5% in tier

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

Why This Signature
Asset Growth (YoY): 1.72%
(Tier: 5.36%, National: 3.04%)
worse than tier avg
Indirect Auto %: 45.25%
(Tier: 18.80%, National: 7.90%)
worse than tier avg
Member Growth (YoY): -0.67%
(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

Margin Compression

decline
#11 of 24 • Bottom 12.2% in tier

Strong profitability track record but margins eroding. Something changed - rising costs or falling yields need addressing.

Why This Signature
Return on Assets: 0.82%
(Tier: 0.71%, National: 0.71%)
but better than tier avg
ROA Change (YoY): -12.50% points
(Tier: 0.07% points, National: 0.05% points)
worse than tier avg
Total Assets: $1.14B
(Tier: $1.72B, National: $547.69M)
worse than tier avg
24 of 380 Mid-Market CUs have this signature | 169 nationally
↓ Shrinking -16 CUs YoY | New qualifier

Stagnation Risk

risk
#53 of 85 • Bottom 21.8% 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: 0.82%
(Tier: 0.71%, National: 0.71%)
but better than tier avg
Member Growth (YoY): -0.67%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
Avg Member Relationship: $23.0K
(Tier: $29.2K, National: $19.4K)
worse than tier avg
CD Concentration: 31.62%
(Tier: 28.98%, National: 19.60%)
worse than tier avg
85 of 380 Mid-Market CUs have this signature | 648 nationally
↑ Growing +6 CUs YoY | Rank worsening

Institutional Decline

decline
#31 of 31 • Bottom 29.4% in tier

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

Why This Signature
Total Assets: $1.14B
(Tier: $1.72B, National: $547.69M)
worse than tier avg
Member Growth (YoY): -0.67%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
Loan Growth (YoY): -0.88%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
31 of 380 Mid-Market CUs have this signature | 293 nationally
↓ Shrinking -6 CUs YoY | Rank improving

Membership Headwinds

decline
#77 of 85 • Bottom 31.8% in tier

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

Why This Signature
Member Growth (YoY): -0.67%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
85 of 380 Mid-Market CUs have this signature | 648 nationally
↑ Growing +6 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 (3 metrics)

5
Net Worth Ratio
risk
Value: 20.45%
Peer Avg: 11.44%
#5 of 304 Top 1.3% in 1B-3B tier
18
Net Interest Margin (NIM)
profitability
Value: 4.28%
Peer Avg: 3.26%
#18 of 304 Top 5.6% in 1B-3B tier
54
First Mortgage Concentration (%)
balance_sheet
Value: 20.20%
Peer Avg: 34.01%
#54 of 304 Top 17.4% in 1B-3B tier

Top Weaknesses (11 metrics)

284
Indirect Auto Concentration (%)
balance_sheet
Value: 45.25%
Peer Avg: 18.32%
#284 of 304 Bottom 6.9% in 1B-3B tier
279
Net Charge-Off Rate
risk
Value: 1.18%
Peer Avg: 0.60%
#279 of 304 Bottom 8.6% in 1B-3B tier
279
Total Deposits
balance_sheet
Value: $907.24M
Peer Avg: $1.45B
#279 of 304 Bottom 8.6% in 1B-3B tier
260
Total Loans
balance_sheet
Value: $786.31M
Peer Avg: $1.23B
#260 of 304 Bottom 14.8% in 1B-3B tier
259
Total Delinquency Rate (60+ days)
risk
Value: 1.30%
Peer Avg: 0.83%
#259 of 304 Bottom 15.1% in 1B-3B tier
256
Total Assets
balance_sheet
Value: $1.14B
Peer Avg: $1.72B
#256 of 304 Bottom 16.1% in 1B-3B tier
242
Loan Growth Rate
growth
Value: -0.88%
Peer Avg: 5.27%
#242 of 304 Bottom 20.7% in 1B-3B tier
240
Average Member Relationship (AMR)
engagement
Value: $23,022
Peer Avg: $29,172
#240 of 304 Bottom 21.4% in 1B-3B tier
232
Member Growth Rate
growth
Value: -0.67%
Peer Avg: 2.20%
#232 of 304 Bottom 24.0% in 1B-3B tier
231
Deposit Growth Rate
growth
Value: 1.70%
Peer Avg: 5.58%
#231 of 304 Bottom 24.3% in 1B-3B tier