# MIDCOAST
Freeport, ME · NCUA charter 10898 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/midcoast-10898

Who the members are: federal charter, community charter, organized 1956. 16,020 members of 469,480 potential (3.4% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 76.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $266.9M |
| Members | 16,020 (1.3% YoY) |
| Full-time staff | 72 |
| Net worth | $29.4M |
| Net worth ratio | 11.0% (p48 of band) |
| ROA (annualized) | 0.24% (p18 of band) |
| Total delinquency | 0.20% (p12 of band) |
| Net charge-offs (annualized) | 0.39% (p49 of band) |
| Loans / shares | 92% (p91 of band) |
| Cash / assets | 1.4% |
| Borrowings / assets | 0.75% |
| Net interest margin | 3.70% (p61 of band) |
| Operating expense / assets | 4.37% (p78 of band) |
| Vehicles % of loans | 26% (p37 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 53% |
| Third-party paper % of net worth | 105% (p58 of band) |
| Vehicle delinquency | 0.33% (p30 of band) |
| Vehicle NCO | 1.23% (p77 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 64% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 15% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 23% |
| Average share balance | $6,383 |
| Participations bought / yr | $1.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $51.3M |
| Loans outstanding per 100 members | 76% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $17,781 |
| Loans granted, annualized | $45.2M |

## Participation posture (from the same filings)

Bought $1.5M and sold $0 in the latest annualized quarter; $51.3M outstanding purchased (174.4% of net worth), $5.7M sold and retained. Sold in 2 and bought in 8 of the last 8 quarters. Shares 1.4% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 2 | members leaving |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | net worth falling |
| 2018-06 | 0 |  | members leaving |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | net worth falling |  |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 1 |  | delinquency rising |
| 2020-12 | 5 | losing money, expense trap, delinquency rising, members leaving |  |
| 2021-03 | 2 |  | losing money, expense trap, members leaving |
| 2021-06 | 0 |  | net worth falling, delinquency rising |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | net worth falling |  |
| 2022-03 | 0 |  | net worth falling |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | delinquency rising |  |
| 2023-03 | 0 |  | delinquency rising |
| 2023-06 | 1 | delinquency rising |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 0 |  | delinquency rising |
| 2024-03 | 1 | delinquency rising |  |
| 2024-06 | 0 |  | delinquency rising |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | delinquency rising |  |
| 2025-06 | 0 |  | delinquency rising |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | 3rd-party paper>100% NW |  |

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

- 2026-04-10 [Midcoast Federal Credit Union announces leadership promotion - Mainebiz](https://news.google.com/rss/articles/CBMilAFBVV95cUxQeVZNRzd1UVhLZEtXSWVHZnRibGZIUFVnb1FtS1hCUlVlaEZqd3RLeElubmJhR2c1Qkt2QnBFcEhpWWE5dTdiTHV5UzJQWEg5U2ZQNWtGM3pPTWFwazdjSi1mU016TnRHZWNFOTg3bjhsNzZKYjBMV2k3U2RrZG40NGRhRnVrckJCMmp6bDNfcWlBVmFI?oc=5) · Mainebiz
- 2026-07-02 [The Midcoast Best of the Best 2026 - Midcoast Villager](https://news.google.com/rss/articles/CBMivwFBVV95cUxQR2g0ZkRRWmp5UXZUM3ZyU0pmUzNoSEpMTk91VmotVE1WZm9iTzJoalZEZVpzXzBsalJ0UWNpZDJtaDRCZ1VaOVJ5UzJUMXJua0t2MmxWM1ZqMXZvUGZGQmw0UFY5LXJpY2NfaXltNzN4TXNrZ0k5dUlFNTdSckFUTmdFWW1JSjRrYTVsQUpfS1VWLTJuSDk2WVNvRHdqSWEyQmVha3NnOGtWYW5nRE9tNHZSTVBLZGlyTUJORzRpZw?oc=5) · Midcoast Villager
- 2026-05-06 [Trekkers art auction celebrates '360 Degrees of Support' for Midcoast Youth - PenBay Pilot](https://news.google.com/rss/articles/CBMirgFBVV95cUxNUlpTVVJyd0hPZWFwbl9OY2J5Y3NpV1RnWmVLcVpvMXZ2VTZZeENoQ0MzS3BFeF9tV1JSdUt3ZEU1Q2NhYjA1bjMzWjVpZDVnajY3c1hWcVVmUm1MaEhoMThQRF9tQXB6ZzZYMHVkelR3Qmk2Tk5IZFk5Mm9sakRYRjhNYWx4TEVtaDlYRGVXcHJrc0tIb256VW85bWdFWEh4LURuWjVfMW41Ml80eGc?oc=5) · PenBay Pilot
- 2025-04-08 [Governor signs Sayre bill to reduce financial barriers for formerly incarcerated Mainers - Maine.gov](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQUE5DZ2lNeWthdmc2Tk1kQUplQ0RHWFFsNGRsTW1QUnlGMnpmLVdJNmVobjZhbEFGTkpNUGZYWm45R2JaRzNyRnFnOGg0dnNWWHI0ZlU5NEo0RWtrVkg0X2N6NzJ2WmhoM2hESmJ0QTNoYTBRWXU0Q0hjOWZkTG9WQWVjaHdnNXRGcVNTdjBSd2d1WVlFN1E5X25zSWJOLUpYNnpzbUlXTlk5QlJvUlhLWjRQV28weUFf?oc=5) · Maine.gov
- 2025-08-26 [Longtime Waldo County banker Paul Doody joins Maine State Credit Union to support local businesses and drive growth - CUInsight](https://news.google.com/rss/articles/CBMi7AFBVV95cUxNWUs5amtXVDgxTTdGNHJ6eFpuSmhFR3dEd24wbmEwTV9iUkxlN0V6a0c4RTA4RjdDbTN1d21YRURWbEYxbGY2Y0RRV1ZMRkg1UVJkbkZkajY3R19rREVKRHo0dXdDeW9hM3ZPaV9hb1pOSW42Nm1Oc1h0QWJ0SDZRSGpwWktVSHhMN2x2dXBGSU1rTjhDZHl5czk5Ny16SG5aSVlzaUVWa0ZvYWM1djVJSmxkOVFGOTBtbnpnQ2diSDU1YzJqVTBsOGpkUThKWG5xY1VFdFJndUdwdllDWHp3T2w4NU1oaVNQV19uSQ?oc=5) · CUInsight
- 2025-11-20 [Mascoma Bank adds to its Portland team - Mainebiz](https://news.google.com/rss/articles/CBMid0FVX3lxTE9tb1dFckM2Y2l4ZWhMWV9aRy04bkh5YmVPRk1faVM3MEZXZ2k4MjdTUmNfRkhqQ3NnVjFGMDdaY1ZPTWwyX3haemNqMmNFc1ZUbWZsajVPci0zbC1vWXJ3cW1NdjFPcHIzUElMSTF0VTZ4NUxNOEpF?oc=5) · Mainebiz
- 2026-03-21 [Midcoast Habitat opens registration for 2026 'Women Build' in Rockport - PenBay Pilot](https://news.google.com/rss/articles/CBMipwFBVV95cUxNS1VXUl9MNmdyaFFFNDlHa2g5VkVCSkJodEEwdk96UWVuOUZFdXU1WDFlTjNXanlFVHVCa2J5VHhKNmU0VEdBU3R6N0dLYlhtWTY2OXJSTVBzQ0pFeS1SdG5oRzRlMHdIUFJMWG1GU3d0cEdQT1g1SXhIaWxWQlkzQm9MS1dndFpQRllpSDZYLXU1S2dNNUxNdFFEbjhzdGg1VkFRREUzMA?oc=5) · PenBay Pilot
- 2025-03-28 [Former Belfast restaurant building torn down for new credit union - Bangor Daily News](https://news.google.com/rss/articles/CBMitAFBVV95cUxQN01Ka0hMaU4ydVRWaDJjOVB3QlNoVEhCU3pMbkg2V3JKV1UzclRjRmI0MWVuTDVZOUlFVWdZNjN0RVg1M0ZqV3ozeTNsWEpucGJZaHhFaTJYZmg0bW4zUmxJSGtCRmlQTi00TkdlRVE4VXhIWWRJUVRCd0xwNnZXVTYxaHQ2alBJV0kzOTJQM1RkbXl0ajI2bTRLU0s5Q0tOWi0tVDY4UUc5Y0cxQ1pvMEJkajE?oc=5) · Bangor Daily News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10898 (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/18.json (key "10898", 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=10898
- 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