# COREPLUS
Norwich, CT · NCUA charter 1148 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/coreplus-1148

Who the members are: federal charter, multiple common bond, organized 1936. 50,669 members of 492,696 potential (10.3% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 52.

**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 | $671.3M |
| Members | 50,669 (70.4% YoY) |
| Full-time staff | 118 |
| Net worth | $71.8M |
| Net worth ratio | 10.7% (p56 of band) |
| ROA (annualized) | 1.45% (p90 of band) |
| Total delinquency | 0.31% (p24 of band) |
| Net charge-offs (annualized) | 0.21% (p23 of band) |
| Loans / shares | 88% (p71 of band) |
| Cash / assets | 6.5% |
| Borrowings / assets | 3.58% |
| Net interest margin | 4.17% (p91 of band) |
| Operating expense / assets | 3.37% (p38 of band) |
| Vehicles % of loans | 53% (p91 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 96% |
| Third-party paper % of net worth | 368% (p94 of band) |
| Vehicle delinquency | 0.30% (p23 of band) |
| Vehicle NCO | 0.37% (p23 of band) |
| Repossessed % of vehicle book | 0.18% (p79 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 12% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 25% |
| Average share balance | $6,827 |
| Participations bought / yr | $0 |
| Participations sold / yr | $13.0M |
| Participations outstanding | $10.7M |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $19,203 |
| Loans granted, annualized | $179.6M |

## Participation posture (from the same filings)

Bought $0 and sold $13.0M in the latest annualized quarter; $10.7M outstanding purchased (14.9% of net worth), $6.7M sold and retained. Sold in 7 and bought in 3 of the last 8 quarters. Shares 81.0% 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 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | net worth falling, members leaving |  |
| 2017-06 | 2 |  | net worth falling, members leaving |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | net worth falling |  |
| 2018-09 | 2 |  | net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | net worth falling |  |
| 2019-06 | 2 |  | net worth falling |
| 2019-09 | 3 | delinquency rising |  |
| 2019-12 | 2 |  | delinquency rising |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 3 | margin squeeze | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | net worth falling |  |
| 2021-06 | 3 |  | margin squeeze |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | delinquency rising |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | delinquency rising |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | delinquency rising |  |
| 2025-06 | 1 |  | thin capital, delinquency rising |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | margin squeeze |  |
| 2026-03 | 1 |  | margin squeeze |

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

- 2025-05-10 [CorePlus, Scient credit unions plan merger to form sixth largest in Connecticut - ctinsider.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxQVWs1REN5S1pWX1JFM056T1dnQXE0RW9IR05ma1FfeVNKdl9WaFBmckwtUS1TaFQydzVQNXdzWG9UMVZMMmFERXNWamFRMTNfMHhPS0FBOTFndVZOZ19PNXJQS2owempUdW93TWVyNTFyVGYwZnFoZmp3NFgxMWJnbjdwN0JxSWF3U19idmdQQnBzc2VhSEVyTk13?oc=5) · ctinsider.com
- 2023-09-07 [CT credit union names new CEO - Hartford Business Journal](https://news.google.com/rss/articles/CBMidkFVX3lxTE5Td215MWx4ZFBJQktJODhJOEh1bkF2bEVzNWZzT3dsaThBVXdjVzAydVN6dlpLcWlNNWpwY0lldmotd1VyM3NIMTdKWGxuWXpmTEYyUkpRekRoRHlTZmlyT280cUlZaVlVVzZQWmZLOWU5a3A4U1E?oc=5) · Hartford Business Journal
- 2025-09-08 [Merger of Scient Federal Credit Union and CorePlus clears hurdle - ctinsider.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxPb05hTDBpLVlmNGR3SDduMEVMT0VlS1EtTlNvMkptcG1sN3pqOTFsSGF6MzdaMnpOdGFXZ1lxMlJSTHBzUHlqdExYaHl2b0hKVHFoVlpZYzdkSFVaSEpMZXVtWXVQeW1OXzBISkZud1dndV91aVFWX2xDeVVUMERSMFdXUWF5N0Zjbl95LXVrQjc5cTA0TUdCNE9LSFlEYVI0Vlo5aUVSMA?oc=5) · ctinsider.com
- 2022-11-14 [Jean Swift - Federal Reserve Bank of Minneapolis](https://news.google.com/rss/articles/CBMiXEFVX3lxTE8tYXBvUkpIRDdqLXFjWDlkb25hVTRzSE5DcVJpWjlvX2JHdEtCUUVkYzEzUlcxYTIxNnpRWFp5RTZRN2NIRWpkRVVFWi1KQUR1N3ViYU1JOF9uYTRU?oc=5) · Federal Reserve Bank of Minneapolis
- 2014-02-17 [Q&A: Retiring CorePlus CEO Warren Scholl - Norwich Bulletin](https://news.google.com/rss/articles/CBMiowFBVV95cUxOSjlnekNIaWhyZGRNclZoUGZ2LUJnalN3NXVkNmNpVzBTVjF6LXhPQUgzQURubFdvX0VsUWRzbnYyNTBVeXpLLUtlaG1aV25xUDhnX3lqX1NiWGJwamVZaDlxMWZpVEJGWW1vR09KWmxSUVBUWW1WbWtDcTE0S3owWk9NaFBQa1hFNXZmeWFGZGxpM1NRQzBNQ1ZzYmJ3TkNQb1F3?oc=5) · Norwich Bulletin
- 2024-06-07 [Gordon Allen Rodgers - Hartford Courant](https://news.google.com/rss/articles/CBMidkFVX3lxTFBKWXlvV0FMWkdIZFVyVm1sMF96VXFkd3cxYUVldGpWSlpKSmRwSEl6ODRvMERzRllOaG1mRU13SlROTERJSDU5LUVVa1BTT19KdGo2cS13YkQ2SW5KTlhVblE2NGRndlpHQUlfMUhORTBLT3NZc2c?oc=5) · Hartford Courant
- 2017-03-18 [Errol Groff Obituary (1947 - 2017) - Preston, CT - Norwich Bulletin - Legacy obituary](https://news.google.com/rss/articles/CBMilAFBVV95cUxPMzlsRkZ1bXByejE2MGRFRDBlMS02U3NUOWtqTmtMX1RydC1USDdVM3Q1cmxTWVBCekJ1U0VnY1AxUGNVU1ItaTQ0bHJjNWZjQUtSeVdfclBqTWdTOXZDcUU5a0xqRmNvRTZ6QW5pYi1CTW01eHJfRXI2ODdLT1BkUF8wMjFESXJGc1pqTjFJeXJyZUgz?oc=5) · Legacy obituary
- 2024-03-20 ['About all of us': Norwich's Maria Miranda named Small Business Person of the Year for CT - Norwich Bulletin](https://news.google.com/rss/articles/CBMi3AFBVV95cUxOVk5OVVRTUDJVLUpGLS1uMU53R01SdUZoZjRJeUxxUTBNbEFzSkcxLTVodHZ4U2dEcU9UWFBMR2ZvZVV6MExxazRiWnNuNEVzaWhNSldjaXota2V2SHZIQmZscWNEanU1dFpZZVYwVzhXN3o1OElsZXY1MTdRZVZ6cmV0V2dDX3F1YUxaN1RLdlItWk1RZ0ZvWS1jZlFKcmhMSU5iYVhaa3VJMFpFSmFGR0YxOUpubFN3dkI4RnY4RkFtQkljNFF2NTkxMTVobkJELVFseW5qaDVISUpu?oc=5) · Norwich Bulletin

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1148 (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/60.json (key "1148", 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=1148
- 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