# THE PARTNERSHIP
WASHINGTON, DC · NCUA charter 118 · asset band $100-200M · latest filing 2019-09 · stopped filing after 2019-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/the-partnership-118

Who the members are: federal charter, multiple common bond, organized 1935. 9,611 members of 18,000 potential (53.4% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 65.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $143.1M |
| Members | 9,611 (-2.3% YoY) |
| Full-time staff | 19 |
| Net worth | $11.1M |
| Net worth ratio | 7.8% (p3 of band) |
| ROA (annualized) | -2.95% (p0 of band) |
| Total delinquency | 1.13% (p83 of band) |
| Net charge-offs (annualized) | 0.49% (p69 of band) |
| Loans / shares | 71% (p35 of band) |
| Cash / assets | 10.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.53% (p64 of band) |
| Operating expense / assets | 7.23% (p100 of band) |
| Vehicles % of loans | 27% (p24 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p19 of band) |
| Vehicle delinquency | 0.35% (p39 of band) |
| Vehicle NCO | 0.61% (p66 of band) |
| Repossessed % of vehicle book | 0.00% (p31 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 9% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 8% |
| Average share balance | $7,702 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 65% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $15,251 |
| Loans granted, annualized | $29.8M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 0 |  | thin capital |
| 2016-09 | 1 | thin capital |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 3 | members leaving |  |
| 2017-06 | 4 | losing money |  |
| 2017-09 | 3 |  | net worth falling |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | losing money |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | thin capital |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | delinquency rising |  |
| 2019-06 | 1 |  | delinquency rising |
| 2019-09 | 5 | thin capital, losing money, expense trap, delinquency rising, assets shrinking | members leaving |

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

- 2026-09-09 [LCT Launches CUSO to Automate Credit Union Compliance, Refunds - CUTimes](https://news.google.com/rss/articles/CBMingFBVV95cUxPWTRrS21qd3VEZEl0a1BWNTNTUGtQaGlwZFUtenhoNDJHamUzdEV4emdUTDRhbUFyUk1aZnM2dGd1RGtrM0ZXaWx1V2pUakpCRTRCclkxSHE2UjV5dWRWNGMtMUhzTWFqZHpUMnpSb2s4YVNZdnAwRk5KRGtsNGl1Y3J4azh5VFQ2aVBGdndlNXcwOG9XY2FsRGZVT2RCdw?oc=5) · CUTimes
- 2026-02-24 [D.C. United Announces Landmark Multi‑year Partnership with Lafayette Federal Credit Union - D.C. United](https://news.google.com/rss/articles/CBMiugFBVV95cUxNTHZtVnU2UGlYUElEYTNzdV9Cc2syanQwUHZrV05xNzNsZGdPU0hDQl9mS0k4N3MzazRXMktfRi12ZEFBdUUyUGRwbEtvblU4bjgySjMwSktieEpJelBoM3FHWWhGUXdVMzNxbFdtQTRUWVBhRFR0cHRxVEVQZncxYnlMRGZURGhYVDRPX3U4ekw0Wm1QTjludFA5aENQbU5mcHNBb09Qb3hqNDlqV0tNWXgwcS0wTnVRcmc?oc=5) · D.C. United
- 2026-04-08 [Washington Spirit Announces Partnership with Lafayette Federal Credit Union - Washington Spirit](https://news.google.com/rss/articles/CBMivgFBVV95cUxPXzFnWHFLM2JlMmtZd0lLaGRJTXpWOTNDbHk2dHVCUzQ2M3hDVFQ0cWIyZ05OelJHdFJiT1lOMTE5VGFmWDJfU1A3ZkFULV9QQ0NEcm5vNGpyWHN3VlhtdTRKNmpPNVpfek01ME5LcnpQR0kzc1F0d3BVYnA3VWR6WDlMbEdKb19VUUUtVWUtcVM4NTkxZVVpQVdqbWRTUER1RVMxNUlDOVlPWEJDMDVvU3JLa3NhTXYwYllsNzJn?oc=5) · Washington Spirit
- 2026-07-16 [Nymeo Federal Credit Union Partners with NAWBO Greater DC to Empower Women Business Owners - PR Newswire](https://news.google.com/rss/articles/CBMi3wFBVV95cUxPcGd4TGlLVElpcXhCTEhmdzVTNmR2WHpJVmtZdFF3R3RMbzMwN3EzOVBLN1BNS3g4VkRYMjZRaVI0czNFRXNCU0cxWko4U0NZSEdUcTB6SVEyQUoxWUE3MWpEREhfNmZKLUREOXVSMW16VjlhRGJTNzdLMGk0RGVULWw3NDdvX1I2ZER2amVSa0hnUDVZOHdhcHExczFWUkRBS2I4SWFtNzRVWHBocVIwSHVPdWRndGV1eVR3ZGYtQlF1QTk3Z3BhOWV4eVRSSWtlNlhBbDhRMG1WdDlFZ1E4?oc=5) · PR Newswire
- 2026-04-08 [Sound Credit Union and Junior Achievement Expand Partnership - Business Wire](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPRC0yVXRtSjFlcWZudmpZdGJsRkhjbjR5cEU4ZWtUWG1ta1RNTnFLTkNJUkJYMGFlZGQtUGx6bndHODZwMDdqU3lkVkZRWWVtZXNLZXVHY1dYV291cXRyTjlUT0tjdTVGNEx6Xy1QT0hIX1BhMUFhVnhMVDV6VjZTM2dESVcwaDJMS1RBak5qRFlXS042Y2JDMmIwM0JobE9XUTRnUE5qNU1xOV8tSWpqdGVFVWFfd1E3?oc=5) · Business Wire
- 2025-10-31 [Local Students Enjoy a Spooktacular Halloween with the Commanders and NWFCU - WJLA](https://news.google.com/rss/articles/CBMirgJBVV95cUxOelB0dVBORkhQbG9RZGNtNkVNR1lvaFM5NjUtSWMwNXpGa2F2VmVEMWExd0ZmRkFlY1VsU0ZJelNvbHpFZTdRdGoxamhRUzZIcW1jdnV0VFBBdEJuNHk3dThvdWRocFJTcm1uTWVDNVBzSHZZb3UwaWxlRVRRNGQtTE94QTJpdGYwUGpVanM0UUJ3T3BjbDhVZXVRUURiVVN1cWpSU2h1b1BlTzk3VDNCWUljbF9OYTRLdmd1aEphVmx0SlBlVVg0SXhBam5zRktQYVA0SWFiODVqLTJ1NXJDWW83dmRMZzBiUWpQYWpDekNNWFRvNDNIY0puM1FpaXFRZVcwamdKSlo1MW9JcFhMbGw0MTg0eTR2aEI2S2Nlc3V3a0luLXIyNEtPUGZ5dw?oc=5) · WJLA
- 2024-08-27 [Washington Commanders and Northwest Federal Credit Union Announce Stadium Naming-Rights Deal - Washington Commanders](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQQ0RHekZBcm01VU1ObjZpc3QxZ19oX0VTRUtyZ3RtSXVaa0VtclRvTndCbzBFZHQ0TzEtWVQ4T0RuTGprMU50VEFUQjJEZFFfNTB2Z2dNeDV2R01pX081a3Y5RW5yajMyQVdMR0l0T1hsb1FmNTV0bWxWUjdGTGVfRk5lR0hUUEwwX1AzczdvdENRRUpUazhKdkMzME5NZWduNFpHUkt2ZmxzTkRBR1NuV1d0aGo3OGVLVkNoYkp2WW9hUQ?oc=5) · Washington Commanders
- 2022-03-18 [WSU strikes partnership with Washington State Employees Credit Union - WSU Insider](https://news.google.com/rss/articles/CBMivAFBVV95cUxPTE5ZcXFod1F1cmRJeUljMmdwYU1QQkdnd2pFTlFBb014MmJjUW12MFR5VV9HNVBJeG1NNk1YcVV6UHpteFBxbjNTUEhiY05TMkhlRnI0ZTBiUjZoZFNSTDNCQ2RUbEZKOFcwNk4wZmktVzh0aWVKcmdjUkJRazE2c01zOVE5SFBoMVNXbm9fdmFoTHE5ekd6OUw5dnJEdEFPX1drR3JLRThzOWNLRmVqRDVlUEZrTnRBN1RmaA?oc=5) · WSU Insider

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=118 (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/54.json (key "118", 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=118
- 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