PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Muskegon

Muskegon, MI · Charter 7509

NCUA · 2 branches

Q2 2026

$80.8MAssets
$32.7MLoans
$71.1MShares
$8.9MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 0.60%, up 7 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.18% of loans (-8 bps YoY).
  • Capital: net worth / assets of 10.97%, up 17 bps from a year ago.
  • Funding: loans stand at 45.90% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.60%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+43 bps YoY

Efficiency Ratio (YTD, annualized)

82.16%+559 bps YoY

Net Worth / Assets

10.97%+17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.53%0.53%0.45%0.73%0.60%+7 bps
Return on Equity4.95%4.87%4.02%6.75%5.49%+54 bps
Net Interest Margin2.67%2.77%2.91%3.06%3.10%+43 bps
Efficiency Ratio76.56%79.31%82.22%78.69%82.16%+559 bps
Growth
Asset Growth (YoY)9.41%5.45%1.00%4.11%2.29%-713 bps
Loan Growth (YoY)7.62%8.09%9.68%8.67%7.03%-59 bps
Share Growth (YoY)9.60%5.68%0.42%3.86%1.74%-786 bps
Asset Quality
Delinquent Loans / Loans0.25%0.15%0.34%0.12%0.18%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital10.80%10.97%11.17%10.83%10.97%+17 bps
Net Worth / Assets10.80%10.97%11.17%10.83%10.97%+17 bps
Liquidity & Funding
Loans / Shares43.63%44.94%46.75%44.46%45.90%+227 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps