# SOUTH CAROLINA
NORTH CHARLESTO, SC · NCUA charter 1022 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/south-carolina-1022

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated. 156,633 members of 2,146,172 potential (7.3% of the field); checking penetration 83% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *fortress*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.57B |
| Members | 156,633 (2.3% YoY) |
| Full-time staff | 557 |
| Net worth | $338.8M |
| Net worth ratio | 13.2% (p84 of band) |
| ROA (annualized) | 0.99% (p74 of band) |
| Total delinquency | 0.47% (p35 of band) |
| Net charge-offs (annualized) | 0.55% (p56 of band) |
| Loans / shares | 93% (p72 of band) |
| Cash / assets | 12.2% |
| Borrowings / assets | 4.61% |
| Net interest margin | 4.16% (p93 of band) |
| Operating expense / assets | 5.02% (p99 of band) |
| Vehicles % of loans | 22% (p39 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 51% |
| Third-party paper % of net worth | 78% (p33 of band) |
| Vehicle delinquency | 0.41% (p29 of band) |
| Vehicle NCO | 1.38% (p69 of band) |
| Repossessed % of vehicle book | 0.09% (p56 of band) |
| Real estate % of loans | 63% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 22% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 5% |
| Average share balance | $6,194 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $235,851 |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 21% |
| Average loan balance | $20,404 |
| Loans granted, annualized | $544.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $235,851 outstanding purchased (0.1% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 3.5% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 4 | loans>95% of shares |  |
| 2016-09 | 5 | net worth falling |  |
| 2016-12 | 5 | repo signal | net worth falling |
| 2017-03 | 4 |  | repo signal |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 5 | delinquency rising |  |
| 2019-09 | 4 |  | delinquency rising |
| 2019-12 | 4 |  |  |
| 2020-03 | 5 | net worth falling |  |
| 2020-06 | 4 |  | loans>95% of shares |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 3 |  |  |
| 2021-12 | 4 | delinquency rising |  |
| 2022-03 | 3 | net worth falling | 3rd-party paper>100% NW, delinquency rising |
| 2022-06 | 5 | delinquency rising, 3rd-party paper>100% NW |  |
| 2022-09 | 2 |  | leaning on borrowings, net worth falling, delinquency rising |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 4 | leaning on borrowings |  |
| 2023-09 | 5 | loans>95% of shares |  |
| 2023-12 | 5 |  |  |
| 2024-03 | 4 |  | delinquency rising |
| 2024-06 | 4 |  |  |
| 2024-09 | 5 | delinquency rising |  |
| 2024-12 | 4 |  | delinquency rising |
| 2025-03 | 5 | delinquency rising, members leaving | 3rd-party paper>100% NW |
| 2025-06 | 5 |  |  |
| 2025-09 | 5 |  |  |
| 2025-12 | 3 |  | leaning on borrowings, delinquency rising |
| 2026-03 | 1 |  | loans>95% of shares, members leaving |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-03-30 [Palmetto Citizens Federal Credit Union celebrates new branch in Whitmire, South Carolina - CUInsight](https://news.google.com/rss/articles/CBMixwFBVV95cUxOSl8zUThBR1N3d19kdXA4dzdDalRQZU84cEV6ZmR0ejFfZk1Rdnl5NEp3NWZzMFV1TWhrelVORXFTUXdmRXhqSWhjTzd0ejNMaFZGVVdtTXVrUFpyMlc1eldpVjU4RGVxdW5FWUpKUjhmUXNpa0psWXZnZ3ZRaDF6ZjNvT2ZWWnI1cDJQcDBibVpEUTZRbTlCdFdSRVgyNmpDTHVpai1TckI3aG96Q25DU2VvUXduS3JxTVMtaVBxLW5LWHB5S1hV?oc=5) · CUInsight
- 2026-07-21 [Man demands cash at North Charleston credit union, flees before officers arrive - WCIV](https://news.google.com/rss/articles/CBMirwFBVV95cUxQa1hBWVdBV1JzaHhjMGxOVWpHblpfN2xaMWJ2WmZ1ZVlXeHRMMGh3TWdZbC15MklxR0JxN2R1Zm5RMmhrU2tiTzh5eTAwUDFDcm1keGtmNTNjck1SYktzNDl2VGFCVDB6ZWxVY0E5TFNRZnlnWTZ5S1B3Qk4wRmRZa2VxQVRaODI1VUxEb21qMFVLR2ZqZnpwcjRiSG9UenVKQ3ZmczdvYWtwMy10Qlpz?oc=5) · WCIV
- 2026-01-28 [Largest credit union in SC names new president after nixing previously-named one - The State](https://news.google.com/rss/articles/CBMiaEFVX3lxTE03UWs4QU1sa1hiQkpUMFNFLTZqTjc2MXFRZzZNQUM1OE15LUFiYXh3dEhXY1R6eUM0Wkd0VW40SGVQal9UTUNtMXpwZllZVW9PSmdHTEFHRkpiZjY3a2pGN2Q0eGFNYXBP0gFoQVVfeXFMUDVHXzRVUW4tUW13ZEQyZjhCMmNiVnZqbkxRdkdhQmxTX3VZYzFHWlZsODBZdmpGZng4YVNMenhDRy1wNmhjWER2VVlKUjB5ZVQ0YnNiVXU4RERWVDFIN25hcmNsdGd2d3Q?oc=5) · The State
- 2026-06-16 [UNDER CONSTRUCTION: Palmetto Citizens HQ leads SC projects - SCBiz](https://news.google.com/rss/articles/CBMicEFVX3lxTE5jNjJ3LUdwX0tBcW1ZMFpWOFBvejdfcThVVUNob2JyVlVHb1ZsdVpJY1U0ZUQwRC1rYkxNTG1kUmNZVlpTd1NMNmVDUUZBaTIwbGFIdmhnYUZSaG5jSFhOclhTZVp6cnhES3EyUWNKSWI?oc=5) · SCBiz
- 2025-11-14 [Incoming CEO of SC’s largest credit union is out. Here’s what we know. - The State](https://news.google.com/rss/articles/CBMiaEFVX3lxTFB4SHZkNEhZODlFZGs3ZWppUGNJU3UxSGhRd3ZhMFZSV1ptZ3J6UjhpeFMwOFVUTlB3R3FYTWNSSnpuUnlVMV9fZkZ6TW1sVFZlRlBvNlBUd1BJc0N2Z2RPbTlyYUtSNXRu0gFoQVVfeXFMT1VSTFl6ZTlqSjNpVEdCMHdTa2pWMHg3Wk56N2ZCTHU5cVhIQUFtTXIwVy0waHdEb1Q5RFAwTUpVVWFpaFVZb0g2N2swdVpmNXFPRzh0REU4UlhzdktaV182TkVkODZQelc?oc=5) · The State
- 2025-02-28 [SC credit union will temporarily shut down mobile services. What members need to know. - Post and Courier](https://news.google.com/rss/articles/CBMi4gFBVV95cUxOZHo2N0JOektFSEZvTDYwY1psbW9KX1pBZXFBWGtPU2VxMm5LUG1fd1pXdGdaUWxyWHg3WHlraWdCVUdPRlJNbzlOemZjeU8xbjhDcUpFTTg1ZldHcHdqMWI3TF9TUG5XUmhRZ0QyT2NsSzk1eVZGWThCcjNnaVFFNVpQd2MyVFFVM2pEa0VQc1ZCSnhxWkVBd01TY0RNM0RES2dOR0VZREdDWEt4bzBOVksyY0tVRVZ5WDl4cnoyUk9qdlZqTlRpd21jcFJBaGRIaERmQjUwS21xT2VMVndLOVRB?oc=5) · Post and Courier
- 2025-12-05 [Self-Help Extends to S.C. Coast With New Branch - CUTimes](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQOXNjTVV5S2dmZ2ZxaHZRUmhKNl9lTGVCRzV0TUNUOWNpVjF4NnpxNUJVaVFUSkNjdVV5anRqNzdTRHVZNHhrSk5KNWRGV2JGeXh3Ni01SXNFQ3BpVjYxSnBaZEVzV1laMjZWUUREcU9NNVk1VkdrNUFyWUlGZnI0b0JWUmZaUmpP?oc=5) · CUTimes
- 2021-01-06 [Tiny South Carolina credit union is NCUA's first conservatorship of 2021 - American Banker](https://news.google.com/rss/articles/CBMivAFBVV95cUxQb1ZKZmtQdVE1bThnSFlzQndTN2JhTmpmWHdObVdLT0dJUnVIS2MwZm4tNnpWMzFWTnFPeG9ZZEVycTF5SFpqRkt2WTAyWjkxYkNzME5hQXk4SlJkNnBlUEkwU0xOR0lCR3VGRHUxMVhMSXp1M3VCV3IxbnlWQnJROXlqQ3RDYmh3anlnOTU0T3E3dlc1S2lDaGc0OU1hNnE0TmZVTS0zRGplVzJEZ2NkSTVSVm5oZHEtZWpHYw?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1022 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/62.json (key "1022", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=1022
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide