# DOVER
DOVER, DE · NCUA charter 12443 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/dover-12443

Who the members are: federal charter, multiple common bond, organized 1958, low-income designated. 42,909 members of 1,031,890 potential (4.2% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $734.9M |
| Members | 42,909 (-2.4% YoY) |
| Full-time staff | 138 |
| Net worth | $55.1M |
| Net worth ratio | 7.5% (p4 of band) |
| ROA (annualized) | 0.29% (p21 of band) |
| Total delinquency | 0.84% (p69 of band) |
| Net charge-offs (annualized) | 1.06% (p89 of band) |
| Loans / shares | 80% (p49 of band) |
| Cash / assets | 10.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.70% (p71 of band) |
| Operating expense / assets | 4.22% (p80 of band) |
| Vehicles % of loans | 33% (p60 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 69% |
| Third-party paper % of net worth | 227% (p79 of band) |
| Vehicle delinquency | 1.34% (p87 of band) |
| Vehicle NCO | 3.32% (p97 of band) |
| Repossessed % of vehicle book | 0.20% (p80 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 210% |
| Core shares % of member funds | 68% |
| Certificates % of member funds | 25% |
| Average share balance | $6,504 |
| Participations bought / yr | $33.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $57.6M |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 62% |
| Average loan balance | $27,063 |
| Loans granted, annualized | $163.1M |

## Participation posture (from the same filings)

Bought $33.0M and sold $0 in the latest annualized quarter; $57.6M outstanding purchased (104.5% of net worth), $1.1M sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 4.8% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | delinquency 2x band, repo signal, 3rd-party paper>100% NW |  |
| 2016-06 | 5 | losing money, charge-offs p90 |  |
| 2016-09 | 6 | net worth falling |  |
| 2016-12 | 5 | thin capital | delinquency 2x band, repo signal |
| 2017-03 | 4 |  | losing money |
| 2017-06 | 5 | repo signal |  |
| 2017-09 | 6 | losing money |  |
| 2017-12 | 5 | delinquency 2x band | net worth falling, repo signal |
| 2018-03 | 4 |  | losing money |
| 2018-06 | 5 | members leaving |  |
| 2018-09 | 6 | assets shrinking |  |
| 2018-12 | 5 |  | assets shrinking |
| 2019-03 | 4 |  | charge-offs p90 |
| 2019-06 | 2 |  | delinquency 2x band, members leaving |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | net worth falling |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | margin squeeze |  |
| 2020-09 | 2 |  | net worth falling, margin squeeze |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | charge-offs p90 |  |
| 2022-03 | 2 |  | charge-offs p90 |
| 2022-06 | 3 | expense trap |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 2 |  | expense trap |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 2 |  |  |
| 2023-12 | 3 | net worth falling |  |
| 2024-03 | 3 | delinquency rising | net worth falling |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | delinquency 2x band |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 4 | repo signal | delinquency rising |
| 2026-03 | 3 | net worth falling | delinquency 2x band, repo signal |

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

- 2026-02-22 [State Police Arrest New Castle Man for Attempted Bank Robbery - dsp.delaware.gov](https://news.google.com/rss/articles/CBMinwFBVV95cUxPWkV4MDlkMGdDT1F5bWk4bVFNZHJFa3Z1TlBZM254Qm5rMUNlSkw5NVFlR1NfMVVtZk05TS1iZ0VBQzlOWElrZTlTN1Y3dmJSTlNNSWJNblBrRDZPOFZsODVtVlRBY3RUTnFaUTMzd0tGT3RWSklJNlZBWWZnMkZBRGkwclhIazZEMW9nZnNLVzVWcVlIcm1sV3QzRHoycU0?oc=5) · dsp.delaware.gov
- 2026-06-17 [Michael V. Lombardo, named Senior Vice President of Lending - CUInsight](https://news.google.com/rss/articles/CBMinwFBVV95cUxQb3BOZU9OVnhnbHVhT19WN0ltOEJYRXlBQmcyVHpOcE1uTTJJaDE0WEdZR21EMUx4OFBITXowYngybnFmbF9jTXJFVEFFZXp4cUd5VWhabzRxejQyVWRMb28xNDg0RmtWdVhMbm9aLUZ5bnk2MWxJX0U5UkNOZkZaeGlxTkIxX25zYmEtVzI5eVI0S05aVW5Ud1J0WmlMem8?oc=5) · CUInsight
- 2026-06-19 [Dover Federal Credit Union hires Lombardo as senior VP of lending - Bay to Bay News](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNQjdfR0F4M0tNRWVlV2UybFRuSjJ1SHdveF9OSzhFc21tT3JyLTNyMzNaVFR0SElMa2tqdGd0RWV1WkFYR1JJUk1YaktEVV9vRGRiY0NvQXU2NWlMZ1JCWi1XMWVrWEk0djVrMDdaMzNJZTE0M3I1UUI0d1FZTmFUdmd6eXJuZ1Y4ejR3em9MT25sbXg4Y19iOW5OVldVOUpxckNNcTd0UzRqRDBpak1yUHREMTJrVjRm?oc=5) · Bay to Bay News
- 2025-12-22 [Del-One Credit Union and Louviers Federal Credit Union Unite, Signaling a New Era for Community Banking in Delaware - Delaware LIVE News](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQbW9MQloxekwyd1ZPcGlxTW9SamNIemZ3ekZoMHlhRjdGV2ZzSndYZkFHaHo3LV9yd1psckU5Q3hlYjk0ZC16bFBqTFZDNGFKcTA4VWF6RmRCUTZqclpiVERBVndSajBSZG1XMmYzVjRHZmlBMEYyQ0xmWV9TNjhDYThpaDR4Z0txQlFhX2Z6bUJMZE1GMThyLVpuM0RGR0xneTdMdFFuNWJnVWdSZWFqUjB5eUU2cnNSWTFtWk9tYVdJUzFWaHdFRUVKLWdCQmtudlRlV0FYTQ?oc=5) · Delaware LIVE News
- 2026-03-18 [Karin Colon, named SVP Finance and Risk at Dover Federal Credit Union - CUInsight](https://news.google.com/rss/articles/CBMirgFBVV95cUxPX1JkTzV0NUUzQ2FQWjR2bENZeE5CQ3pJMnNRb0ZLdEpYSGh3b3ZHQXM4VkpZci1YQUJJd3AzdThDSDVESnZzREg3RmN0ckVBQTlNUDM2RmpXOGpjUWdNTE5VWG0zUGk3S3BZMVFVSFdyanZoSnlvakNkWEQ1QkZtSWJrRlFEZVFlWURNV0p6RGdoQzNReUVkZ1RQazdldXRjWVZ6Q0JOaVBla2g3Znc?oc=5) · CUInsight
- 2025-10-08 [Del-One FCU finalizes Louviers acquisition - Delaware Business Times](https://news.google.com/rss/articles/CBMifEFVX3lxTE5GM0I1OUhBdHB5Q2IxMnRCT3ZmWUZaSnRacldiT2pKdjc5R0I0cU9PYS14a0lMbGY4OWVqMWhhd1c3RGRQWVpQYlJraElFZzJLUGtUQV81bWhnZ19EZ2M4NkpGMVU4c0RPOE9NcmVqQTdQQXdKU3Y1MXVYREc?oc=5) · Delaware Business Times
- 2014-06-17 [Police Release New Images From Dover Federal Credit Union Bank Robbery That Occurred May 16, 2014 - doverpolice.org](https://news.google.com/rss/articles/CBMizAFBVV95cUxNekxNZ3RMLVdGQ1k3bWU2SlpmUUsxU2w4WnVVTFY4anNqcE5sV1pHUFJmd0o3Z1Jreko3RU5xOVBEaWtISHE0NVA1VUt5cV9jVXRiVDhyeXZvdmNBdTlmVkZBS2NSQ19nbm1hY0ZaRWhiUTQxeVl1LXg5ZlFtWTVRLWk0aFozbEIyb0YyU1EwZUVRSGNrQlllOXdDcERpaXI5eS1ObGtBRW1iSHVjM2N2Rld3ckU4bG1KWF8zRzVLRENEWjdvaFFETHlfakY?oc=5) · doverpolice.org
- 2026-01-16 [UPDATE: Milford PD Connect Suspect with More Burglaries - WMDT](https://news.google.com/rss/articles/CBMikgFBVV95cUxOZFViY1JmYlpwRVJrbTV4WHdNYVZsbU1VZmJfbWNYdjhWVXFKNEV6RmxvOVM1ZHBacUdqNXFJYzB6cXpBSUs0OHBXbXBkN0tseXltNXBjMHdmWnBDZnFZNHF0ZDJqVWJsVEdFdHZjaTMwNDVBRnd3WElXQ1RnWFZNZk5CRHNVOVlsaFBseEljZ3ZTQQ?oc=5) · WMDT

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12443 (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/27.json (key "12443", 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=12443
- 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