# PARTNERS FINANCIAL
Glen Allen, VA · NCUA charter 12456 · asset band $50-100M · latest filing 2023-09 · stopped filing after 2023-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/partners-financial-12456

Who the members are: federal charter, community charter, organized 1958. 7,826 members of 801,000 potential (1.0% of the field); checking penetration 34% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *stressed*. Composite score 12 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $91.9M |
| Members | 7,826 (-3.9% YoY) |
| Full-time staff | 21 |
| Net worth | $5.4M |
| Net worth ratio | 5.8% (p0 of band) |
| ROA (annualized) | -2.71% (p0 of band) |
| Total delinquency | 1.13% (p81 of band) |
| Net charge-offs (annualized) | 0.45% (p76 of band) |
| Loans / shares | 74% (p66 of band) |
| Cash / assets | 7.1% |
| Borrowings / assets | 6.84% |
| Net interest margin | 3.12% (p47 of band) |
| Operating expense / assets | 6.47% (p99 of band) |
| Vehicles % of loans | 63% (p78 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 538% (p99 of band) |
| Vehicle delinquency | 1.29% (p84 of band) |
| Vehicle NCO | 1.20% (p92 of band) |
| Repossessed % of vehicle book | 0.00% (p40 of band) |
| Real estate % of loans | 26% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 76% |
| Certificates % of member funds | 16% |
| Average share balance | $6,484 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $15,653 |
| Loans granted, annualized | $13.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, losing money, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  | losing money |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 8 | net worth falling, losing money, delinquency 2x band, delinquency rising, assets shrinking, members leaving |  |
| 2017-06 | 5 |  | delinquency 2x band, delinquency rising, assets shrinking |
| 2017-09 | 4 |  | net worth falling |
| 2017-12 | 5 | assets shrinking |  |
| 2018-03 | 3 |  | losing money, assets shrinking |
| 2018-06 | 4 | assets shrinking |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 2 |  | members leaving, assets shrinking |
| 2019-03 | 3 | assets shrinking |  |
| 2019-06 | 2 |  | assets shrinking |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | members leaving |  |
| 2020-06 | 5 | net worth falling, loan book shrinking |  |
| 2020-09 | 6 | margin squeeze, delinquency rising | net worth falling |
| 2020-12 | 5 |  | delinquency rising |
| 2021-03 | 7 | net worth falling, losing money |  |
| 2021-06 | 6 |  | net worth falling |
| 2021-09 | 3 |  | members leaving, loan book shrinking, losing money |
| 2021-12 | 2 |  | margin squeeze |
| 2022-03 | 4 | net worth falling, losing money |  |
| 2022-06 | 4 |  |  |
| 2022-09 | 5 | leaning on borrowings, auto monoline | losing money |
| 2022-12 | 5 | delinquency rising | net worth falling |
| 2023-03 | 6 | delinquency 2x band |  |
| 2023-06 | 5 |  | delinquency 2x band |
| 2023-09 | 12 | capital below 7%, losing money, expense trap, delinquency 2x band, assets shrinking, members leaving |  |

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

- 2020-07-17 [Members shoot down another credit union merger - American Banker](https://news.google.com/rss/articles/CBMimwFBVV95cUxPd3BjalRUR3hFMWFPaDloS0g0NmJpYmktNDB0Rmd3OTdORmZ0dFBlVkZIMl85a0ZIRWkzY1h1TVJYOTJnWlZZc2Y5bm1maWo3MFNFTVJybUpYY1JjMnl0VXNreEcwOWhfTjVmdUhVX004dUxfcG1sVzIyWnludWVtM2V4QXlWZnNkWmwzajQwRGdmV2ZCTEw4YjUzQQ?oc=5) · American Banker
- 2023-06-22 [Virginia Credit Union to open branch in Shockoe’s Berkeley Hotel - Richmond BizSense](https://news.google.com/rss/articles/CBMipwFBVV95cUxNZ1ctSGxMQjJIVUVpYUVZYllQWThmVDk3NlE2NEJCMktidjNqU1BoMXhLZ3Z5N0tLOFpGNnBnNTd5T0k0RWExQnhydnVVaFBDdmZ3bU1FQWI1Qk5oWHlSWExnVHpQV29VX3RFZnpaT1FtWnhYNzNucFhSaFg3VEtndV82NVYxWnhtaXFBUC1COHVIS2o0blI4c3lWVHVDYVdwUWdpb2xTSQ?oc=5) · Richmond BizSense
- 2019-06-14 [Howard Travis Addair - J.T. Morriss & Son Funeral Home](https://news.google.com/rss/articles/CBMiX0FVX3lxTE5pUjhQckhlcmJ2aTN3b04zRjhzeFluc24xbXM2UFdxdkM4OHlhaWdVTUFDT29vWko3YmVEN2hwNV9XeTRxQjRZNVZ3TWtoUUZEZW9VUFozZDVDNzZIMG04?oc=5) · J.T. Morriss & Son Funeral Home
- 2023-03-26 [Survey: 38% of adults tell their partners financial lies, commonly about purchases, debt, spending patterns - SILive.com](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQTGpoU1hYQ05RUlNjZUN0dmNQSWZSN2N0bTNBTF9MWkZqdVc4Nk9kTXZCLWwxZ3hlQ0xCQkkwa20wR2kwVFlnRWlkWTlyNjRTWjk0aGVlZ1dZUFJhR2p5ZDZ6NllQRFF2ZS1VNW9IRmVCR1RrX0VBUGJOLW9XM2k4MkxKcVVIbUhfeXBzTWJwTk5kV2JvUWdqNFhPdTRVaDVMWWIxdFZoUi1pNlhqUlhfQkdlM3RaVXVsX01lZzlDM2Fwa3VqVVpwWi1tOThXVjJuQVZxRFVvRzV6aXJLMUJZUA?oc=5) · SILive.com
- 2008-11-07 [UPDATE: Bank robbery in Henrico - WWBT](https://news.google.com/rss/articles/CBMif0FVX3lxTFBnWTdUNXFFeUlHZTdGTjBMV2VxajN2MkJhdHFBeElKOS1OMHZqcS1ka3FiYUJxZncyTzQxc0xneGdMdzV0WlV5QjRsNVR5M2xBNG5jSVU1ZF85SE9Lal9INWVkVHhUSnNUVnBHRXVybVhCRTdZOFczdWtuSU16QTjSAZIBQVVfeXFMTnpLSlVtLUlXXzRXNTF5a2FFOE5qMGJITnllVk5KWlptMURPM0ZLMlhGRllUbF83eldVbWpqV1lXSFVaVE5OcWZ1OUxlc0ItRGdFaGp4ZHlBSUt6VWgzM1JscG5wMXptNmQzWlFEWmM1bEx6NWRvYl82VFhZUG1hWmdON3dZYzA0eHU0TE5pMHdodUE?oc=5) · WWBT
- 2023-11-27 [VACU absorbing tiny credit union in Charlottesville - Richmond BizSense](https://news.google.com/rss/articles/CBMilwFBVV95cUxOemFtNDRGRlNieEp1LVljNHFYSFhmT1NZQmR4V0tXMjlzZFo2el9XcHJQM2U0N3ZqYXNnTGJQTGFCVmJZMTdSUmhGcVl3WlJaSlMxQzZWZ1dTMlByNVF2ajBtXzUzdFREV3ppTWcwaU1TZU1JQ0VCYUVmcVN1WmRxWUVCX2VZaTdzczRXbzN3RFMtakRHSC1z?oc=5) · Richmond BizSense
- 2018-07-01 [Mary Kinser Obituary - Statesville, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxOcTcwUkdqUlV2dEtQT3BHR2QwbW5oWkFsdFpWS05IVWlQZWdSVTduSXVFeUxldTdwMzY0cHVXQmxnMnVjOWVkWWF1S0xBN3JiUW1FaTNCeU9ENzZHaEQ5c1E5b3pVM2RicWNlcEwzZUVCZi1nWnZGcUY4WnpFYk1CQ0MyNA?oc=5) · Dignity Memorial
- 2006-01-30 [LTCi: The Hot New Asset-Protection Option, From a Financial Advisor Near You - Send2Press](https://news.google.com/rss/articles/CBMiXkFVX3lxTFBSMGVUMGE5R2ZsTG00YzlseE1LNlFUaXNYMU5NdXN5Yl9mS2wzZk9BcXNLVGpVeG9KXzNNUDhDVW5EMTdiRUc0b21BYlF2TTBzRXUxSnR3eWVGTUVwVlE?oc=5) · Send2Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12456 (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/40.json (key "12456", 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=12456
- 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