NUTMEG STATE FINANCIAL

Charter #68657 | CT

500M-750M (169 CUs) Community (281 CUs)
2 500M-750M in CT

NUTMEG STATE FINANCIAL has 10 strengths but faces 10 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Engine: Top 15.8% in tier
  • + Wallet Share Momentum: Top 33.5% in tier
  • + Relationship Depth Leader: Top 35.3% in tier
  • + Net Interest Margin 0.44% above tier average
  • + Strong member growth: 5.4% YoY
  • + Total Loans: Top 3.6% in tier
  • + Members Per Employee (MPE): Top 5.3% in tier
  • + Loan-to-Share Ratio: Top 6.5% in tier
  • + Total Members: Top 8.3% in tier
  • + Member Growth Rate: Top 9.5% in tier

Key Concerns

Areas that may need attention

  • - Liquidity Strain: Bottom 2.1% in tier
  • - Growth-at-Risk: Bottom 3.9% in tier
  • - Credit Quality Pressure: Bottom 9.3% in tier
  • - Indirect Auto Dependency: Bottom 28.1% in tier
  • - Efficiency Drag: Bottom 28.6% in tier
  • - Liquidity Overhang: Bottom 35.1% in tier
  • - ROA 0.03% below tier average
  • - Efficiency ratio 3.53% above tier (higher cost structure)
  • - Delinquency rate 0.03% above tier average
  • - Fee Income Per Member: Bottom 9.5% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (CT) National Avg Tier Percentile
Members 55,418
+5.4% YoY+1.0% QoQ
 +15.7K 39,752
-2.7% YoY
 13,754
+3.9% YoY
 33,089
+6.1% YoY
 Top 8.9% in tier
Assets $716.8M
+3.9% YoY+2.6% QoQ
 +$94.4M $622.4M
+0.3% YoY
 $223.0M
+8.2% YoY
 $547.7M
+7.8% YoY
 Top 14.2% in tier
Loans $599.0M
+10.8% YoY+3.2% QoQ
 +$163.1M $435.9M
-0.4% YoY
 $129.0M
+9.8% YoY
 $388.7M
+8.6% YoY
 Top 4.1% in tier
Deposits $596.9M
+3.2% YoY+0.0% QoQ
 +$58.8M $538.0M
+1.3% YoY
 $195.5M
+7.9% YoY
 $464.6M
+9.3% YoY
 Top 23.7% in tier
ROA 0.6%
+152.1% YoY+5.0% QoQ
 -0.0% 0.7%
+33.9% YoY
 0.4%
-140.5% YoY
 0.7%
+273.4% YoY
 51st in tier
NIM 3.9%
+19.6% YoY+0.1% QoQ
 +0.4% 3.4%
+8.6% YoY
 3.6%
+5.0% YoY
 3.7%
+5.0% YoY
 Top 18.9% in tier
Efficiency Ratio 81.6%
-6.1% YoY+0.7% QoQ
 +3.5% 78.1%
-3.4% YoY
 85.8%
+0.7% YoY
 79.1%
-3.3% YoY
 68th in tier
Delinquency Rate 0.8%
+69.2% YoY+15.0% QoQ
 +0.0 0.8%
-4.9% YoY
 1.2%
+0.2% YoY
 1.2%
-0.9% YoY
 64th in tier
Loan To Share 100.4%
+7.4% YoY+3.1% QoQ
 +19.3% 81.0%
-1.8% YoY
 56.5%
+1.7% YoY
 68.0%
-1.7% YoY
 Top 7.1% in tier
AMR $21,579
+1.4% YoY+0.6% QoQ
 $-5K $26,482
+2.6% YoY
 $16,763
+4.9% YoY
 $19,418
+1.3% YoY
 Bottom 23.7% in tier
CD Concentration 36.5%
+11.6% YoY+7.4% QoQ
 +12.1% 24.4%
+4.2% YoY
 14.4%
+16.9% YoY
 19.6%
+6.2% YoY
 Top 12.4% in tier
Indirect Auto % 21.9%
+655.7% YoY+1.5% QoQ
 +7.9% 14.0%
-5.8% YoY
 5.3%
-6.5% YoY
 7.9%
-2.9% YoY
 74th in tier

Signature Analysis

Strengths (3)

Organic Growth Engine

growth
#291 of 603 • Top 15.8% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 5.42%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Return on Assets: 0.63%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 21.91%
(Tier: 13.96%, National: 7.90%)
but worse than tier avg
603 of 281 Community CUs have this signature | 917 nationally
→ Stable (608→603 CUs) -5 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#925 of 1006 • Top 33.5% in tier

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

Why This Signature
AMR Growth (YoY): 1.40%
(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

Relationship Depth Leader

growth
#974 of 1006 • Top 35.3% in tier

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

Why This Signature
AMR Growth (YoY): 1.40%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $1.9K
(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 | New qualifier

Concerns (6)

Liquidity Strain

risk
#17 of 258 • Bottom 2.1% in tier

Loan demand outpacing deposits. They're bumping against liquidity limits - need funding solutions.

Why This Signature
Loan-to-Share Ratio: 100.36%
(Tier: 74.56%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): 10.84%
(Tier: 3.64%, National: 36.38%)
but better than tier avg
258 of 281 Community CUs have this signature | 484 nationally
↓ Shrinking -28 CUs YoY | Rank improving

Growth-at-Risk

risk
#59 of 446 • Bottom 3.9% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

Why This Signature
Loan Growth (YoY): 10.84%
(Tier: 3.64%, National: 36.38%)
but better than tier avg
Delinquency Change (YoY): 0.34% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
446 of 281 Community CUs have this signature | 646 nationally
↓ Shrinking -77 CUs YoY | Rank improving

Credit Quality Pressure

risk
#230 of 736 • Bottom 9.3% in tier

Delinquencies are rising year-over-year. Credit risk is building - they may need better underwriting tools.

Why This Signature
Delinquency Change (YoY): 0.34% points
(Tier: 0.04% points, National: 0.07% points)
worse than tier avg
736 of 281 Community CUs have this signature | 1002 nationally
↓ Shrinking -199 CUs YoY | Rank improving

Indirect Auto Dependency

risk
#452 of 525 • Bottom 28.1% in tier

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

Why This Signature
Asset Growth (YoY): 3.86%
(Tier: 4.61%, National: 3.04%)
worse than tier avg
Indirect Auto %: 21.91%
(Tier: 13.96%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 5.42%
(Tier: 0.88%, National: 9.37%)
but better than tier avg
525 of 281 Community CUs have this signature | 768 nationally
↓ Shrinking -18 CUs YoY | New qualifier

Efficiency Drag

risk
#506 of 521 • Bottom 28.6% in tier

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

Why This Signature
Efficiency Ratio: 81.63%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 0.38% points
(Tier: 0.11% points, National: 0.05% points)
but better than tier avg
Member Growth (YoY): 5.42%
(Tier: 0.88%, National: 9.37%)
but better than tier avg
521 of 281 Community CUs have this signature | 624 nationally
↓ Shrinking -113 CUs YoY | Rank worsening

Liquidity Overhang

risk
#543 of 552 • Bottom 35.1% 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: 12.58%
(Tier: 11.95%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 100.36%
(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

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 169 peers in tier

Top Strengths (10 metrics)

7
Total Loans
balance_sheet
Value: $599.03M
Peer Avg: $435.95M
#7 of 169 Top 3.6% in 500M-750M tier
10
Members Per Employee (MPE)
engagement
Value: 499.261
Peer Avg: 338.010
#10 of 169 Top 5.3% in 500M-750M tier
12
Loan-to-Share Ratio
balance_sheet
Value: 100.36%
Peer Avg: 81.02%
#12 of 169 Top 6.5% in 500M-750M tier
15
Total Members
engagement
Value: 55,418
Peer Avg: 39,752
#15 of 169 Top 8.3% in 500M-750M tier
17
Member Growth Rate
growth
Value: 5.42%
Peer Avg: 1.75%
#17 of 169 Top 9.5% in 500M-750M tier
23
Loan Growth Rate
growth
Value: 10.84%
Peer Avg: 4.04%
#23 of 169 Top 13.0% in 500M-750M tier
24
Total Assets
balance_sheet
Value: $716.80M
Peer Avg: $622.38M
#24 of 169 Top 13.6% in 500M-750M tier
32
Net Interest Margin (NIM)
profitability
Value: 3.87%
Peer Avg: 3.43%
#32 of 169 Top 18.3% in 500M-750M tier
39
Net Worth Ratio
risk
Value: 12.58%
Peer Avg: 10.94%
#39 of 169 Top 22.5% in 500M-750M tier
40
Total Deposits
balance_sheet
Value: $596.85M
Peer Avg: $538.02M
#40 of 169 Top 23.1% in 500M-750M tier

Top Weaknesses (3 metrics)

154
Fee Income Per Member
profitability
Value: $119.95
Peer Avg: $199.27
#154 of 169 Bottom 9.5% in 500M-750M tier
148
Share Certificate Concentration (%)
balance_sheet
Value: 36.53%
Peer Avg: 26.87%
#148 of 169 Bottom 13.0% in 500M-750M tier
129
Average Member Relationship (AMR)
engagement
Value: $21,579
Peer Avg: $26,482
#129 of 169 Bottom 24.3% in 500M-750M tier