# BALL STATE
MUNCIE, IN · NCUA charter 11103 · asset band $100-200M · latest filing 2020-09 · stopped filing after 2020-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/ball-state-11103

Who the members are: federal charter, multiple common bond, organized 1956, low-income designated. 11,040 members of 50,000 potential (22.1% of the field); checking penetration 50% (share draft accounts per 100 members); loans per 100 members 39.

**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 | $100.4M |
| Members | 11,040 (-4.8% YoY) |
| Full-time staff | 29 |
| Net worth | $5.7M |
| Net worth ratio | 5.6% (p1 of band) |
| ROA (annualized) | -0.05% (p11 of band) |
| Total delinquency | 0.61% (p67 of band) |
| Net charge-offs (annualized) | 0.25% (p52 of band) |
| Loans / shares | 62% (p39 of band) |
| Cash / assets | 29.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.70% (p41 of band) |
| Operating expense / assets | 3.80% (p69 of band) |
| Vehicles % of loans | 37% (p50 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 89% |
| Third-party paper % of net worth | 345% (p96 of band) |
| Vehicle delinquency | 1.24% (p90 of band) |
| Vehicle NCO | 0.86% (p82 of band) |
| Repossessed % of vehicle book | 0.15% (p88 of band) |
| Real estate % of loans | 42% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 43% |
| Core shares % of member funds | 86% |
| Certificates % of member funds | 12% |
| Average share balance | $5,047 |
| Participations bought / yr | $0 |
| Participations sold / yr | $55,101 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $13,559 |
| Loans granted, annualized | $21.3M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | delinquency 2x band |  |
| 2016-12 | 2 |  | delinquency 2x band |
| 2017-03 | 3 | delinquency rising |  |
| 2017-06 | 5 | delinquency 2x band, members leaving |  |
| 2017-09 | 4 |  | delinquency rising |
| 2017-12 | 6 | net worth falling, losing money |  |
| 2018-03 | 8 | charge-offs p90, repo signal |  |
| 2018-06 | 9 | capital below 7% | repo signal |
| 2018-09 | 9 |  |  |
| 2018-12 | 7 |  | net worth falling, charge-offs p90 |
| 2019-03 | 7 |  |  |
| 2019-06 | 10 | net worth falling, charge-offs p90, assets shrinking |  |
| 2019-09 | 9 |  | net worth falling |
| 2019-12 | 9 | loan book shrinking | assets shrinking |
| 2020-03 | 6 |  | delinquency 2x band, losing money, charge-offs p90 |
| 2020-06 | 8 | net worth falling, losing money, margin squeeze | loan book shrinking |
| 2020-09 | 7 |  | net worth falling |

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

- 2026-09-05 [Smith and Sayin help No. 1 Ohio State prepare for Texas with 56-3 rout of Ball State - ehextra.com](https://news.google.com/rss/articles/CBMi8AFBVV95cUxOSWtYNHBkbHJxMkU2QU5qazk3TFhCZ0owT0FQdTVBOWZycTFjS3ZBVU9VTktXbHVJb3ExX0lrZ2pMelBTa1NOQWpCNERiaWJEZDVvQTkxSVZORHVhR1RwOExrVzYzRFd2bWlEWVVhS2Z4Y0Jodl9LbjAtRWowem9PTXhlNnFhQnVqQ2UwR0FZeUNFbUhwNGQ0eHU0M19sMjZrZVE5RUpmb0loOXJlRThQUXJlbk9yU2ZhYy1JbnViRGVGUTRUUFVtdHZwQnloM0d4TDUtVU9xOHJpUGZxcklPcVVsMVAxOFlsa29aVHRPWEk?oc=5) · ehextra.com
- 2026-07-21 [North Charleston police seek suspect in South Carolina State Credit Union robbery - Post and Courier](https://news.google.com/rss/articles/CBMi7AFBVV95cUxPSTNQemZZaG4yTVlSUFZnS1B1U3JqVWhtNzhVcmoxYjJJQXlLS3Z5am8zLVFOQlZqajNWY0M4dW5aTGxUYWdoY3JjRjRCMjRtcklMQXk5WnpxdlpqRGMzTEZGaFpYcVJtRVFpQ19sOERqLW1oVUpLMWFUT2hIZGFfUTUweVQzb0I2U3FmTWFUTWRJdElXS0Q3MHVSNHVVYTB5dHp1Uk9SSk04eUY4eVpTMk5PcW5IeldSWHpJbGVkSEoxRjFmRlIxU1ZiMm43TWkxTkFjWlNaQl9WNkJFY3hDX0duTmxPUDZwcjZwZg?oc=5) · Post and Courier
- 2026-07-28 [Ohio State announces JPMorganChase partnership as jersey patch sponsor - The Lantern](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPMXJoS3ZnV2lZOUdrc1dOcnZNdDgxc0JxTjZsTWNHWUFxOEMxc0xnakgzYVEtRlpodGVzU2hUYi02X1J4c2ZGdkZqMHNGWXpULWtvYk92NWdNMEJvNFhtN0RjZ2xOa2pWUEhDTjNKUXA0NmtoU2pPa3F4Q0VRRjhObm90WHZJQllfX3JnQ1otN0JTejQ0djk1MGszcXRKNzc3LTk2SFBrWEsyUQ?oc=5) · The Lantern
- 2025-11-30 [Michael D. Perlich Obituary Nov 30, 2025 - Flanner Buchanan](https://news.google.com/rss/articles/CBMiakFVX3lxTE1XVi0wV1NtODc3N0pnVEVXMjYzVTRSWG1jcUxHc0RrcE5sUlBFeDRBYU9iSEp1MXY0VWFWRGp0Ul96Y3FnOUY5dzdJVWhHZllvRUxBTkR5SGJBT3JJNGJNUzEwbjJwVGNMWFE?oc=5) · Flanner Buchanan
- 2026-01-07 [The Ultimate Guide To NCAA College Football Team Field Sponsors - Zoomph](https://news.google.com/rss/articles/CBMic0FVX3lxTE1hb05WSFhEU0JLOXlhLUxqckhTbzlyajFld2JjUUx1bDZZaUQzUmVIZ09OTUw1NVREMUc3ZWQ3ckZSQ1lyazZzNjVrN243MDh2N3hCLXNhMGpMUDFWRkpQeVZHc1lHWmhLS2RQaXJ1R1BtY1U?oc=5) · Zoomph
- 2018-06-19 [Ball State Federal Credit Union Introduces New Look - Muncie Journal](https://news.google.com/rss/articles/CBMilAFBVV95cUxOZkQ2ZjNSaHFXWnFna1A4LXF5T2dDLTN6Y3d1VVZEQ1pCa202ZnZJZlVCbWNJTXNBUi16UHdIaW52VDBFME5XX2VJOVYzZk5HUVRDeTdpdlo1RmpYUmRfWUlrSm1qVExxelQzYTBqTV9leUpWVEUzZWVwSlFmd292RVZxakY1WGs1eVIxS0loNWpYYkgz?oc=5) · Muncie Journal
- 2021-01-25 [Gift from Ball State Financial will boost University’s financial literacy initiatives - Ball State University](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQV2MtdzQ4X3FmMVhjYmFtSTBrcFNwVWxhRTdRS1d0S1dHM2NKN3VSSTUwU0xBalJza2tQUnZlUTMxWk1LOHpIRjZBeUJxZ2tmVmJ4djNIeDNwYlVRWmpzU1RxYWJvRURjRVNjMVJNYXVRX1ZmNEhJa0VENmxkYUdiSzZ2aDYzbUpoUkswZVhHUjcydHlfdUZLSWV1RTJDNS1MQjE1Tjd0blp0TDhQa1pES1RnTFlSbTZwSDB1Vy1FTDdDUkZyeDlWQ21vbWRhWmE2OWo3aA?oc=5) · Ball State University
- 2022-10-28 [Ball State Financial opens next generation banking center - CUInsight](https://news.google.com/rss/articles/CBMinwFBVV95cUxQX3oxOEpRSzlXcjRWZldGQzJTdXVJRnFlZVZ0bTd3MHNyZEtObF9QMFdpNUcybWNoZkY5ZkRTNmctdkIxVVlSbUNlLTc1U2k5ZEhnRTNvUVBhTE1IR1ZMdXdPMVpyWjdVN1lSUUx3bGVWVlkyVlVaMTRBMTdnY2E4Q2pDRWNZV2VqUGVjMm1tRkxCcktvbThCTzdXeEFtTFU?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11103 (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/31.json (key "11103", 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=11103
- 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