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IBEW Local Union 80

Norfolk, VA · Charter 20004

NCUA · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, credit unions under $1B in assets in the Virginia Beach-Chesapeake-Norfolk, VA-NC area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Credit unions under $1B in assets in the Virginia Beach-Chesapeake-Norfolk, VA-NC area (n=15). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

47

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

62

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

80

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

IBEW Local Union 80

Norfolk, VA · Charter 20004

NCUA · 1 branch

Q2 2026

$1.8MAssets
$370KLoans
$1.6MShares
$238KNet Worth

Executive Summary

  • Earnings: ROA of 1.26%, down 100 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.57% of loans (-62 bps YoY).
  • Capital: net worth / assets of 13.32%, up 135 bps from a year ago.
  • Funding: loans stand at 23.90% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

1.26%-100 bps YoY

Net Interest Margin (YTD, annualized)

3.65%-43 bps YoY

Efficiency Ratio (YTD, annualized)

65.54%+1,992 bps YoY

Net Worth / Assets

13.32%+135 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets4.34%3.92%1.50%2.26%2.14%2.04%1.95%1.26%-100 bps
Return on Equity40.38%33.50%12.74%18.86%17.12%15.78%14.50%9.45%-941 bps
Net Interest Margin4.44%4.58%3.63%4.08%4.26%4.15%3.73%3.65%-43 bps
Efficiency Ratio52.79%52.76%59.33%45.62%50.48%51.62%47.79%65.54%+1,992 bps
Growth
Asset Growth (YoY)11.90%8.24%14.55%15.74%3.34%7.44%4.14%1.42%-1,431 bps
Loan Growth (YoY)-9.83%-17.76%9.87%19.66%20.24%20.19%4.74%-6.11%-2,578 bps
Share Growth (YoY)10.81%4.35%11.46%14.26%1.30%5.63%2.14%-0.02%-1,428 bps
Asset Quality
Delinquent Loans / Loans2.45%4.81%0.00%1.19%0.52%0.00%0.71%0.57%-62 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans2.10%2.08%2.72%2.81%1.99%1.68%2.25%2.35%-46 bps
Capital
Risk-Based Capital10.76%11.70%11.75%11.97%12.52%12.93%13.46%13.32%+135 bps
Net Worth / Assets10.76%11.70%11.75%11.97%12.52%12.93%13.46%13.32%+135 bps
Liquidity & Funding
Loans / Shares20.78%23.05%24.39%25.45%24.67%26.23%25.01%23.90%-155 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

IBEW Local Union 80

Norfolk, VA · Charter 20004 · Peer group: credit unions under $1B in assets in the Virginia Beach-Chesapeake-Norfolk, VA-NC area (n=15)

NCUA · 1 branch

Q2 2026

$1.8MAssets
$370KLoans
$1.6MShares
$238KNet Worth

Executive Summary

  • Strongest standing: return on assets outperforms 80% of credit unions under $1B in assets in the Virginia Beach-Chesapeake-Norfolk, VA-NC area (rank 3 of 15).
  • Widest gap: net interest margin trails 73% of credit unions under $1B in assets in the Virginia Beach-Chesapeake-Norfolk, VA-NC area (rank 11 of 15).
  • Overall: at or above the peer median on 4 of 7 directional measures.

Return on Assets

1.23%

Rank 3 of 15

Net Interest Margin

3.69%

Rank 11 of 15

Efficiency Ratio

63.64%

Rank 4 of 15

Equity / Assets

13.30%

Rank 8 of 15

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.23%0.25%0.55%1.21%Beats 80%3 / 15
Return on Equity9.24%1.15%4.72%7.96%Beats 80%3 / 15
Net Interest Margin3.69%3.58%4.16%4.82%Beats 27%11 / 15
Efficiency Ratio63.64%63.64%83.86%92.62%Beats 80%4 / 15
Asset Quality
Nonperforming Loans / Loans0.54%0.43%0.61%1.64%Beats 60%7 / 15
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio13.30%10.27%13.30%16.02%Beats 47%8 / 15
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets13.30%10.27%13.30%16.02%Beats 47%8 / 15
Liquidity & Funding
Loans / Deposits23.87%41.09%53.09%77.25%7th pctl14 / 15
Loans / Assets20.67%35.73%46.13%63.30%7th pctl14 / 15
Brokered Deposits / Depositsn/aNot reported for this institution