# PORTALLIANCE
NORFOLK, VA · NCUA charter 12630 · asset band $50-100M · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/portalliance-12630

Who the members are: federal charter, service (single sponsor), organized 1958. 11,205 members of 1,000,000 potential (1.1% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 72.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $90.6M |
| Members | 11,205 (-6.0% YoY) |
| Full-time staff | 39 |
| Net worth | $8.1M |
| Net worth ratio | 8.9% (p20 of band) |
| ROA (annualized) | -2.13% (p0 of band) |
| Total delinquency | 0.60% (p46 of band) |
| Net charge-offs (annualized) | 2.93% (p100 of band) |
| Loans / shares | 100% (p97 of band) |
| Cash / assets | 7.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.56% (p99 of band) |
| Operating expense / assets | 5.77% (p96 of band) |
| Vehicles % of loans | 92% (p100 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 91% |
| Third-party paper % of net worth | 830% (p100 of band) |
| Vehicle delinquency | 0.52% (p47 of band) |
| Vehicle NCO | 3.28% (p98 of band) |
| Repossessed % of vehicle book | 0.19% (p88 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 36% |
| Certificates % of member funds | 50% |
| Average share balance | $4,139 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 72% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $9,897 |
| Loans granted, annualized | $24.2M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loans>95% of shares** (`str_ltos`)
- **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 | expense trap, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | charge-offs p90 |  |
| 2016-12 | 3 |  | charge-offs p90 |
| 2017-03 | 4 | delinquency rising |  |
| 2017-06 | 5 | members leaving, loans>95% of shares | delinquency rising |
| 2017-09 | 6 | delinquency rising, charge-offs p90 | members leaving |
| 2017-12 | 7 | losing money, members leaving | delinquency rising |
| 2018-03 | 9 | net worth falling, delinquency 2x band |  |
| 2018-06 | 10 | thin capital, assets shrinking | delinquency 2x band |
| 2018-09 | 9 |  | net worth falling |

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

- 2019-01-02 [PortAlliance FCU merges into fellow Va. institution | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMioAFBVV95cUxOSzF2end0aERuNTc4RjA3VExKVE05RE5RZVB6amNSZ251T0EwaFA3dWVIcjY4UmtEUmM4ZlJwb0t5MlZVX25lSVZ5MWNuZnpBZ3UzRWZpaWp3TlFiQXpPSlgxSnJNSmxya1NlYklXaTQzQUR6Vks4ajkxUER0N2Y4ODM4cGQ2andtWVQ5RkFEN3YtLXNBZXp2Vk9VT0xjMkdN?oc=5) · American Banker
- 2021-09-28 [George Little Obituary (2021) - Norfolk, VA - The Virginian-Pilot - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxOak9ZRERCUTNhMk00WXZfX0J4THJkSW9PZlA3bE02QWV0VHhPZVF2OTlTV3BmVHotZ0dsZDhkZ1VHeGFlMjdmZUNSV1dHSEhyOHJDay1VMjBPT3djZ1ZrOGhzWGt5WFQteG9oSnNYblhpTHdRMlNyMlkxX0tleHQ5UVNHdlBvR0lFSnNnc0lCUFM?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12630 (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/22.json (key "12630", 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=12630
- 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