# WEST ORANGE MUNICIPAL
West Orange, NJ · NCUA charter 10432 · asset band <$50M · latest filing 2020-03 · stopped filing after 2020-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/west-orange-municipal-10432

Who the members are: federal charter, multiple common bond, organized 1955. 1,143 members of 3,000 potential (38.1% of the field); checking penetration 14% (share draft accounts per 100 members); loans per 100 members 62.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $7.1M |
| Members | 1,143 (-4.8% YoY) |
| Full-time staff | 1 |
| Net worth | $367,954 |
| Net worth ratio | 5.2% (p1 of band) |
| ROA (annualized) | -4.61% (p1 of band) |
| Total delinquency | 1.05% (p60 of band) |
| Net charge-offs (annualized) | -0.02% (p19 of band) |
| Loans / shares | 61% (p52 of band) |
| Cash / assets | 16.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.50% (p86 of band) |
| Operating expense / assets | 9.57% (p98 of band) |
| Vehicles % of loans | 43% (p31 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.77% (p58 of band) |
| Vehicle NCO | 0.00% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 11% |
| Credit cards % of loans | 18% |
| Unsecured % of loans | 46% |
| Commercial % of net worth | 30% |
| Core shares % of member funds | 82% |
| Certificates % of member funds | 16% |
| Average share balance | $4,419 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $5,654 |
| Loans granted, annualized | $1.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, losing money, delinquency 2x band |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 1 |  | thin capital, delinquency 2x band |
| 2016-12 | 2 | expense trap, delinquency 2x band | losing money |
| 2017-03 | 1 | charge-offs p90 | expense trap, delinquency 2x band |
| 2017-06 | 2 | thin capital, net worth falling | charge-offs p90 |
| 2017-09 | 4 | losing money, charge-offs p90 |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 3 | delinquency 2x band | losing money, charge-offs p90 |
| 2018-06 | 3 | members leaving | delinquency 2x band |
| 2018-09 | 2 |  | members leaving |
| 2018-12 | 3 | delinquency 2x band, delinquency rising | net worth falling |
| 2019-03 | 3 |  |  |
| 2019-06 | 5 | losing money, expense trap |  |
| 2019-09 | 10 | capital below 7%, net worth falling, charge-offs p90, assets shrinking |  |
| 2019-12 | 7 | members leaving | delinquency 2x band, delinquency rising, expense trap, net worth falling |
| 2020-03 | 7 | expense trap, margin squeeze | charge-offs p90, assets shrinking |

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

- 2021-10-03 [Richard Giuditta Obituary (2007) - Newark, NJ - obits.nj.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQbUdJMjNucU5kWFFSNG9QRFllcmhGZzA4anJsb01UWnl4NVpwRGxsN3hNcVBIdjlhdEtwaEp2ZTBsYUlSTi04cWRzQnE0LWdLV2pBbTVub2U2b20zZS05STJKYWcxRXBUNXozdWoxLURvZnRJUmpYY1lfcGhYZE1iZHhQX1lXQXh5SVBiMWFJbURKdw?oc=5) · obits.nj.com
- 2012-06-22 [Class of 2012's Senior Awards - Patch](https://news.google.com/rss/articles/CBMimgFBVV95cUxQSmpxV1RVU1A5NlZkUXZsOXdqQ1ZVQ3VMbEY0U2FuUGJXbzdyUEdrcXpqRFR6VG80SG9NLWxFaTF6ZFBQNERZNUk5NEdNTlE0T3FCMVRETkFyOU5zbXN6SWhwY05SVERTTzcyTU5uU0Q3WWZQYXlTVXgxRG5MWjZFWldjMXZHa1dBTlVtZ1dSWlA5TVlGd2RsVjFB?oc=5) · Patch
- 2021-11-10 [Danielle Lebron-Guzman Obituary (2013) - West Orange, NJ - obits.nj.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxQRGdhczc1dmpCZG53TkFXY1RhYWhqeUZ5ZVJ3bVBScVE0ckRWVy02czk3MDNaTUN2MkMxTm0yOUNpQzd5MldKNGxoZGNfc3hqN01EV1lCVFFOVDFzYWFGSU8zT01MamxBMDJKYlZ4MkY1R0tISnRoQjViYlo4ZEl1WE9EV1l1S2JMZm00Q1pFQUtncXVrdFJtY2ZB?oc=5) · obits.nj.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10432 (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/0.json (key "10432", 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=10432
- 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