# UNIVERSAL COOP
Rio Grande, PR · NCUA charter 11477 · asset band <$50M · latest filing 2024-09 · stopped filing after 2024-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/universal-coop-11477

Who the members are: federal charter, multiple common bond, organized 1957, low-income designated, minority depository institution. 3,335 members of 52,362 potential (6.4% of the field); checking penetration 5% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $25.9M |
| Members | 3,335 (-2.7% YoY) |
| Full-time staff | 13 |
| Net worth | $2.4M |
| Net worth ratio | 9.4% (p14 of band) |
| ROA (annualized) | -1.01% (p8 of band) |
| Total delinquency | 0.85% (p55 of band) |
| Net charge-offs (annualized) | 0.42% (p69 of band) |
| Loans / shares | 42% (p23 of band) |
| Cash / assets | 36.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.17% (p27 of band) |
| Operating expense / assets | 4.71% (p77 of band) |
| Vehicles % of loans | 20% (p11 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% (p15 of band) |
| Vehicle NCO | 0.00% (p25 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 39% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 97% |
| Certificates % of member funds | 3% |
| Average share balance | $5,687 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $9,931 |
| Loans granted, annualized | $2.1M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, delinquency 2x band, repo signal |  |
| 2016-06 | 2 |  | thin capital |
| 2016-09 | 3 | thin capital |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | margin squeeze, delinquency rising |  |
| 2017-06 | 4 |  | delinquency rising |
| 2017-09 | 4 |  |  |
| 2017-12 | 5 | delinquency rising |  |
| 2018-03 | 6 | net worth falling, losing money | delinquency rising |
| 2018-06 | 6 |  |  |
| 2018-09 | 4 | charge-offs p90 | repo signal, margin squeeze, net worth falling |
| 2018-12 | 5 | repo signal |  |
| 2019-03 | 5 | assets shrinking, members leaving | thin capital, losing money |
| 2019-06 | 6 | loan book shrinking |  |
| 2019-09 | 5 |  | charge-offs p90 |
| 2019-12 | 3 |  | delinquency 2x band, loan book shrinking |
| 2020-03 | 6 | margin squeeze, delinquency 2x band, delinquency rising |  |
| 2020-06 | 4 |  | assets shrinking, delinquency rising |
| 2020-09 | 4 | net worth falling | repo signal |
| 2020-12 | 4 | delinquency rising | members leaving |
| 2021-03 | 3 | loan book shrinking | margin squeeze, delinquency rising |
| 2021-06 | 3 | margin squeeze | loan book shrinking |
| 2021-09 | 3 | members leaving | net worth falling |
| 2021-12 | 2 |  | members leaving |
| 2022-03 | 4 | delinquency rising, charge-offs p90, members leaving | margin squeeze |
| 2022-06 | 4 | net worth falling, losing money | delinquency rising, charge-offs p90 |
| 2022-09 | 1 |  | members leaving, net worth falling, losing money |
| 2022-12 | 4 | thin capital, losing money, members leaving |  |
| 2023-03 | 2 |  | delinquency 2x band, members leaving |
| 2023-06 | 2 | assets shrinking | thin capital |
| 2023-09 | 1 |  | losing money |
| 2023-12 | 2 | losing money |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 4 | net worth falling, delinquency rising |  |

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

- 2024-09-24 [Caribe Federal Credit Union expands with Universal Coop merger - News is My Business](https://news.google.com/rss/articles/CBMilwFBVV95cUxNLVRYb3JIMjc0V2pmNTZpWmRBVU83SG9UYWlndXpjWVl1aTdxRUJHODJTOUNCR2VLMXowSmJ0ZjhVNWdBMG0wUUQxRGdZT2w1MGkzdExUV0ZhZm9GMTBpX29FelZ3SWxzTV9vUkw1TE1zSFRydUpQLWhGN01sQTN1VlY3OFFBUk12alRRVHlwRzR5VHBFenhV?oc=5) · News is My Business
- 2026-02-24 [Caribe Federal Credit Union to relocate 3 branches in 2026 - News is My Business](https://news.google.com/rss/articles/CBMikgFBVV95cUxONzdTU25oNnVQSEhTZkRNLThUdXI1RWZ0cmRKVWFmdXlHZVdid081WXRFOTJ3Qmxwb2I0MXdNTTNTaFVWdmEzV2tzZmkxTDRrOU9JVnVHdGg0eW91azZGM0F2QjZQdVV3c0ZrVFhDZm5pQVM3Mmhjc3d4MGNsN2pNV3VPX29mSWJrOWZIQzVtUE1xdw?oc=5) · News is My Business
- 2025-07-01 [Genera PR partners with Electricoop to boost grid reliability, local jobs - News is My Business](https://news.google.com/rss/articles/CBMipAFBVV95cUxOTW1kMEJrUTZPdFk5WmRGUnQzcWl6dm5zLVRHaVVDWW5lcDBNRFZZNmRkNXB5NXFpYVNsZTBzWndpZS1QRERUcTRZVlhDaWlqUVJHZ1B0VHFpSjZYeXdKOFJjczVSaVF0YVdXTlJsc2dIUkQ3Y0NoYmYxU3FSdlhBMGxYQkJ3MXZOcktIQTQ5LU42cC0tRkZPSUx0Sk9CNkRneW5EUQ?oc=5) · News is My Business
- 2025-02-14 [FirstBank announces special branch hours during system maintenance - News is My Business](https://news.google.com/rss/articles/CBMinAFBVV95cUxPRW9uVHdGc3ZWTlJYbWJjaEF5N2RpRnh3ejViSWZmdDNXb3ZnYUJfdXRVbGF1MUhZTDlpUlA3UUpKUW1RVnZxSHJHNi1DM3k3U2NNdG5neG1JWXpndjVQeGZXczM2THdEZ0kxZ1VGUzZaMS1hVUR1SXVnTm1xMElMNWJfZDdFejk2RkdNaXEzZGozQ2JtVDBFUGRjQlE?oc=5) · News is My Business
- 2012-07-16 [VAPR Federal Credit Union invests $8M in new HQs - News is My Business](https://news.google.com/rss/articles/CBMigwFBVV95cUxOWWtya1FjczcxV0kzWU9RdGh4T1YzUFdHczlNSGtvU3BJMHpnRlh2WEZlbEV0VTlVaFd5LVNUcXNjQngyNE9ocGxYaTNXTUl1S2pIVVlLWkNSbWZvVXRUWVRfZUx1bmJsRkpib2k5QU9PTVRsM0dJWTJqTWhTWE1nY1YwNA?oc=5) · News is My Business
- 2024-03-14 [Puerto Rico co-ops’ insurer partners with InfraGard for cybersecurity - News is My Business](https://news.google.com/rss/articles/CBMinwFBVV95cUxNWDZybHFmZE9HOXFVRVlXd0lQaGoxeFNncjg3VWpVT1p6aFVHZTdGNFZWclltSmhlV1F3eUdGcHFaTHJTU1JqTlQweHVxT2dIUUFVSnNJNUZUOEx3dnJvOFJBSW85Q0JpZ0dqWHpBa1Njc2hkZlVSTncyVGc1aGVrT2RzNE9kbzI5SjNfcTNhcThkakgxTjZtQ3lPa2FNcWM?oc=5) · News is My Business
- 2024-07-09 [FEMA OKs $4.3M to repair recreational, tourism projects in Puerto Rico - News is My Business](https://news.google.com/rss/articles/CBMinwFBVV95cUxON2tJYmRYazk2RzBLVkpJWk1MeFFiRnRFZVFnVTlwUWxkS0xjY2Q4MXhkdHljb1UwQm1yX2c5Sll3VHVwbUtxNHF1eTRwZ05EbUJvaEZxSzAwRHhlMzA2ZEVzRXdpTVJ2SWctakVnVWh3T1VWTVdYTXlnMTV1dHlSTk52STlacXJkQVNGVWt6dkktSHc5TU53R3ZyQ3M0Q1k?oc=5) · News is My Business
- 2024-09-24 [U.S. Court of Appeals gives To-Ricos right to use ‘Pollo Picú’ brand - News is My Business](https://news.google.com/rss/articles/CBMimwFBVV95cUxNSmZWSWc0dHRNVGxZQmtwU3RfeXVWTVZCNEY5T1REUkgzZFQta3JPd1FlT1JaZi1STm1ta0doQURzYjNkTDY4M3JEQ1YtdVQ5OHM0TWxPSGI5RUdXcnVLcG40ZEJuOTRuMGJSS0p2b1pUYkRUbFdBekx5RDlOdHVnZzM1aXRyQS1xbmhLbTI3eHZOaThNVmh3QnBQNA?oc=5) · News is My Business

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11477 (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/21.json (key "11477", 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=11477
- 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