# BLUEGRASS COMMUNITY
Ashland, KY · NCUA charter 12648 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/bluegrass-community-12648

Who the members are: federal charter, community charter, organized 1958, low-income designated. 1,861 members of 49,542 potential (3.8% of the field); checking penetration 41% (share draft accounts per 100 members); loans per 100 members 40.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $12.7M |
| Members | 1,861 (-0.3% YoY) |
| Full-time staff | 4 |
| Net worth | $1.3M |
| Net worth ratio | 9.8% (p15 of band) |
| ROA (annualized) | -0.25% (p19 of band) |
| Total delinquency | 3.02% (p86 of band) |
| Net charge-offs (annualized) | 1.98% (p93 of band) |
| Loans / shares | 65% (p61 of band) |
| Cash / assets | 35.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.14% (p61 of band) |
| Operating expense / assets | 6.00% (p89 of band) |
| Vehicles % of loans | 87% (p94 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 2.95% (p87 of band) |
| Vehicle NCO | 3.59% (p96 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 2% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 33% |
| Average share balance | $3,036 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $9,448 |
| Loans granted, annualized | $2.3M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 8 | thin capital, capital below 7%, losing money, expense trap, delinquency 2x band, charge-offs p90, auto monoline |  |
| 2016-06 | 8 | repo signal | auto monoline |
| 2016-09 | 6 |  | losing money, repo signal |
| 2016-12 | 5 |  | charge-offs p90 |
| 2017-03 | 6 | auto monoline |  |
| 2017-06 | 8 | delinquency rising, loans>95% of shares |  |
| 2017-09 | 9 | charge-offs p90 |  |
| 2017-12 | 5 |  | capital below 7%, delinquency rising, charge-offs p90 |
| 2018-03 | 4 | members leaving | expense trap, loans>95% of shares |
| 2018-06 | 5 | expense trap |  |
| 2018-09 | 7 | margin squeeze, charge-offs p90 |  |
| 2018-12 | 5 |  | margin squeeze, charge-offs p90 |
| 2019-03 | 5 | margin squeeze | expense trap |
| 2019-06 | 7 | net worth falling, expense trap |  |
| 2019-09 | 8 | charge-offs p90, repo signal, assets shrinking | margin squeeze, net worth falling |
| 2019-12 | 10 | capital below 7%, losing money, margin squeeze | repo signal, assets shrinking |
| 2020-03 | 11 | net worth falling, delinquency rising | margin squeeze |
| 2020-06 | 8 | assets shrinking | members leaving, charge-offs p90, net worth falling, delinquency rising |
| 2020-09 | 6 |  | losing money, assets shrinking |
| 2020-12 | 6 |  |  |
| 2021-03 | 6 |  |  |
| 2021-06 | 7 | margin squeeze |  |
| 2021-09 | 7 | charge-offs p90 | margin squeeze |
| 2021-12 | 5 | members leaving | capital below 7%, charge-offs p90 |
| 2022-03 | 5 |  |  |
| 2022-06 | 6 | assets shrinking, loans>95% of shares | members leaving |
| 2022-09 | 7 | members leaving |  |
| 2022-12 | 6 |  | assets shrinking |
| 2023-03 | 3 |  | expense trap, loans>95% of shares, members leaving |
| 2023-06 | 3 | loans>95% of shares | thin capital |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 6 | net worth falling, losing money, expense trap |  |
| 2024-06 | 5 | margin squeeze, members leaving | loans>95% of shares, losing money, expense trap |
| 2024-09 | 5 |  |  |
| 2024-12 | 5 | thin capital | members leaving |
| 2025-03 | 6 | loan book shrinking |  |
| 2025-06 | 5 |  | net worth falling |
| 2025-09 | 4 |  | thin capital |
| 2025-12 | 4 | assets shrinking | margin squeeze |
| 2026-03 | 7 | losing money, delinquency rising, charge-offs p90 |  |

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

- 2024-01-03 [Credit Unions & Community Banks in All 50 States Oppose the Durbin-Marshall Credit Card Bill - Electronic Payments Coalition](https://news.google.com/rss/articles/CBMi2AFBVV95cUxQNVIyczVKbld6VExzUFh5aE5lSFpFMHE3cXVWaEtPcy15d1g3U21zd3NsUGdFcGFkQXRfbk12TDFhVkQxa2NVVC1IeWNtWkNVbUZMNFA1aFdPSXNxUTFFbFJNQy1CTnp3RWJqZWRGZFE0dGZTUU85bGl4R0FoVm55dVByX1NpaUw3QlA4Wm1MRjkzSHVndU5LWS1EMzd3R3NDTlB6MUpFaWZYQ01XOE5heHhBZG43SnRQU3pWUi1JdnpqWkE4Z0ZSOU1GUkhXMkludk1zMFJlMkI?oc=5) · Electronic Payments Coalition
- 2026-08-11 [Leadership Central Kentucky selects class for 2026-27 Program - The Lane Report](https://news.google.com/rss/articles/CBMipwFBVV95cUxNQnZDNWE0d2ZrWmNFa21DQTRacWx2WHVxdUJKcW5ubS1vX3hHcjE4VzBsd1RJdWZxT01Kc1p3SlJpbVJtdW5ha0NiakRmS01yNnh6bXZUQUozRzhMZ29xZ09zelQ4dmktc2pOTHZFUThQYTAyYmRKb3lkYlRoWWZ5cExtQXBHTUZYenBtWmdYUW5hNkppeWo3RUlQelc0cFQ5QlRBMlZCQQ?oc=5) · The Lane Report
- 2019-04-05 [Police investigate credit union robbery in Ashland, Ky. - WCHS](https://news.google.com/rss/articles/CBMigAFBVV95cUxNcDBpYUFOTVhqMzJGWVBvczZud2dCcnV4X1dBSkhFUDliMzRYckdGR25QX3FjN0pCWVlZa2FtcXZyNTB5cERvM3p0aXFBMExaVEVVRG9HMmxEdmZ4NHlyd19MUmUyVlpoYzNGZ1doT2tiVVkwZXdhNU1rbEl4QkJYRQ?oc=5) · WCHS
- 2019-04-05 [UPDATE | Police arrest robbery suspect - wsaz.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxOXzMteFhqM251N3NRUHJmQVV0R1ZrUThMMjVDVUl6clB4MFJtYVBVdHNlQV9SQWwyZkJkTjhSc1AtbFhTV1dvTGh1OVI1aXNtSktNek9mYURDZmdUTGdGc2tuQVRSUkR4R0JhVWdUSjMyMUtXdVFzUm5vVVNIMC1nRmstMGhSSl9aQjBpWm9lakpwM3NqR1U0ZThkWllTcGxi?oc=5) · wsaz.com
- 2026-09-03 [Leadership Central Kentucky Names 2026-27 Class Members - Smiley Pete Publishing](https://news.google.com/rss/articles/CBMikgFBVV95cUxOZC0wVHFOMDFhTTM1ZnAyZEcyTzhJMjhBMmh3U3UxS3F2Rlc4NUVzR211SjFJbXl4eklhZFo2Ym0wWllfVWxyZjdQMF9WdjZrOEdRLTFpTENneUszNnNtUm43cW5Xd2pyQnJLWVhTTFluM29YSThkUXpabG1rVDFkemxzYXcwd01WUUp4amRZd0ViUQ?oc=5) · Smiley Pete Publishing
- 2024-08-15 [Commonwealth Credit Union gift bringing simulation lab to Baptist Health Richmond - The Lane Report](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOV2huUDlsMFNNelBWYVAwQzRDM3p1RUxDWjBmM2VlNS0yTFRRYkxXZy1aU0N4R0FUVXFEdXk0QjB1SUhtS2cwaV9ZTDVfU0hFdU9KRGFPcHpnTE90NFVGUVRuQVhLMjVsdGQxam16emo1ZFNrSUdmLWU2RDRQU2J2NXVuMXkta0ZYZnVfR0pzdUJhTDE4bENRTjVRemJTYkJIbm5keGs2ZWR6ZkpRUlJuMEc0OERQb1NSVTdNLXlXWnlDQQ?oc=5) · The Lane Report
- 2018-03-05 [More than 20 employers to take part in Clark County job fair - WKYT](https://news.google.com/rss/articles/CBMirgFBVV95cUxORFRtM3JNUk5BeHRRUzVpREhuQWY0R2hGRGVIc096d1VlN3QwbXBfUEdtb0ktcXNTY0REMlJIdWc4LUZvb1NLbDVFVnI4Zk5sME9LUTNjMGs1N3ZHUHd4b2lFRHdrdXFvQ1Jfdkl3LUVXSzJCT2M4ME5ZbWgyY2lmenhzd0U2RGRid2x5a1lWZndfMTBTbUZRUGt0YzNDNzI3Wm5JOVV5NHJHU2VpZ3c?oc=5) · WKYT
- 2020-05-12 [Ashland man sentenced to prison for bank robbery - wsaz.com](https://news.google.com/rss/articles/CBMingFBVV95cUxPc25rMUx2MnE0ZjF0eUZCSjVnSHEyXzZ3Z2J3TjJqRGc0UnZkMm1feGEzUFVWdDF5NE1GalREV2NyNFF3cjF5aHF0QTBNUG5Fb3NiT0lrM2ZxOWU5ZlhjR1dNZWdZVXpZeDlCRHVHbEFMTHM5QjJjSUNKN011TFFFUFJWcHhLRzJoQTU0ZmU1NlNQek1BY2tKVzZQb2MzUQ?oc=5) · wsaz.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12648 (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 "12648", 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=12648
- 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