# WELLESLEY MUNICIPAL EMPLOYEES
wELLESLEY, MA · NCUA charter 10623 · asset band <$50M · latest filing 2025-03 · stopped filing after 2025-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/wellesley-municipal-employees-10623

Who the members are: federal charter, multiple common bond, organized 1955. 1,583 members of 3,500 potential (45.2% of the field); checking penetration 12% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *too clean*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $27.9M |
| Members | 1,583 (-0.2% YoY) |
| Full-time staff | 3 |
| Net worth | $2.9M |
| Net worth ratio | 10.4% (p22 of band) |
| ROA (annualized) | -0.16% (p19 of band) |
| Total delinquency | 0.08% (p24 of band) |
| Net charge-offs (annualized) | 0.00% (p34 of band) |
| Loans / shares | 38% (p20 of band) |
| Cash / assets | 64.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.80% (p16 of band) |
| Operating expense / assets | 2.97% (p34 of band) |
| Vehicles % of loans | 45% (p29 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 32% |
| Certificates % of member funds | 18% |
| Average share balance | $9,998 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $14,427 |
| Loans granted, annualized | $2.2M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 0 |  | losing money |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | losing money |  |
| 2017-03 | 2 | net worth falling, members leaving | losing money |
| 2017-06 | 3 | losing money |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 2 |  | net worth falling |
| 2018-03 | 0 |  | members leaving, losing money |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | delinquency rising |  |
| 2018-12 | 2 | assets shrinking |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 0 |  | delinquency rising, assets shrinking |
| 2019-09 | 1 | assets shrinking |  |
| 2019-12 | 1 | members leaving | assets shrinking |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, delinquency rising |  |
| 2020-09 | 2 |  | delinquency rising |
| 2020-12 | 3 | delinquency rising |  |
| 2021-03 | 2 |  | delinquency rising |
| 2021-06 | 3 | delinquency rising |  |
| 2021-09 | 3 | loan book shrinking | delinquency rising |
| 2021-12 | 2 |  | members leaving |
| 2022-03 | 0 |  | net worth falling, loan book shrinking |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 4 | thin capital, losing money, delinquency rising, assets shrinking |  |
| 2023-03 | 4 | members leaving | losing money |
| 2023-06 | 4 |  |  |
| 2023-09 | 3 |  | delinquency rising |
| 2023-12 | 2 |  | thin capital |
| 2024-03 | 1 |  | members leaving |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 | delinquency rising | assets shrinking |
| 2025-03 | 2 | losing money |  |

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

- 2024-01-31 [Margaret P. Gerard - MetroWest Daily News](https://news.google.com/rss/articles/CBMiaEFVX3lxTFAtX2VSR19XdDFmYlFTU2Fob3hOTGEtSFZHRk91Vzh0ai1xLU1FOVhPMFBvdUg0dGdqaWRpcWwzUFFBaV96eHJ5UVdTVDhoTkdLc1owdGR1MlhHUlM0eDZ3UUloQTE4Vi1R?oc=5) · MetroWest Daily News
- 2022-05-10 [NANCY FOSS Obituary (2013) - Wellesley, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxNUk5YYWk3OEVMN1hWa19PWVdEb01RVkNrNTJXSjhvY2U4ellxaERVa2pRQTdGWjJVcXJDbkUzUVZwajRjaHZBZ1BDMjVwem9ranozYnZOY0lVbHVUMjBXQ0dXNm5ucEFfb0hJQmxWN285dE92UHZ6YW1FT0FFSTM5bWhYbmZ6eUxmdThheF93?oc=5) · legacy.com
- 2025-06-02 [Common Trust Federal Credit Union Renews Six-Year Partnership with OMNICOMMANDER, Celebrates Growth, Expansion, and Successful Merger - ACCESS Newswire](https://news.google.com/rss/articles/CBMi5AFBVV95cUxOdnRJQVp6Tmo2ZTk3LVQwamVRSnRIME81M3dTQmpCSWhKODh3RkpKdjBhNW9DRnh5S1ZoajRsNU5qY1dadUt2NmlxYXJhcHJNX3IxUk0xWnpBQV8zaC1rbUt6TUZyNnlMZGtoY3dWVnhDNlI5cHZZMHlEZjZ4VHV0OWxoa1JRU0VHMFk3NktmN243OFlDUW5ENTN5NVZDRFFLR3U5eXZaWTdCMWlJVlMwXzhHRFJQb1oycjkybmxEZzVRLXk2Tmp3TXVEYTdUZTFVNzBSUDYxcmJwVmxJcnV2VTBOU2c?oc=5) · ACCESS Newswire
- 2017-04-26 [Gregg Fontecchio - Obituary - Medway, MA - GINLEY-CROWLEY FUNERAL HOME - CurrentObituary.com](https://news.google.com/rss/articles/CBMiUEFVX3lxTE9kQ2ZGWFJSSU9yRXVTYlNwanE3T1ZxUUJPR3FlQU9jeHMxNWVaa3RJVHE5MW1wTVlqMXc3NUQwUDdMV0NFcDl6cHpEREVGNzBs?oc=5) · CurrentObituary.com
- 2022-11-28 [RICHARD HOWARD Obituary (2022) - Wellesley, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPdkpFOTN1ejF1aThNRFM4VVBiVzFGZU0wR3ZCVU5qbm9jTzkxZ3E3VVZPM25ySWFxNUpwX01zU0swd1VrUHU4c0VoZnB0eFhLYmlTY09mekpWdmUzOUlpLUdaSVJQSVYtd01lamRVSUZlZkF6TXdubVZiOVgyVjZ3V2dHTGh4T1AyblFrSXY5VU9YYUk?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10623 (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/63.json (key "10623", 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=10623
- 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