# MILLS42
Lowell, MA · NCUA charter 12666 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/mills42-12666

Who the members are: federal charter, multiple common bond, organized 1958, low-income designated. 2,938 members of 100,000 potential (2.9% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $31.9M |
| Members | 2,938 (-0.1% YoY) |
| Full-time staff | 6 |
| Net worth | $3.7M |
| Net worth ratio | 11.6% (p27 of band) |
| ROA (annualized) | 0.67% (p55 of band) |
| Total delinquency | 0.03% (p19 of band) |
| Net charge-offs (annualized) | 0.07% (p57 of band) |
| Loans / shares | 71% (p69 of band) |
| Cash / assets | 35.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.56% (p37 of band) |
| Operating expense / assets | 3.83% (p56 of band) |
| Vehicles % of loans | 24% (p14 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.07% (p35 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 68% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 43% |
| Certificates % of member funds | 38% |
| Average share balance | $5,617 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $14,073 |
| Loans granted, annualized | $4.1M |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | loans>95% of shares |  |
| 2016-12 | 0 |  | loans>95% of shares |
| 2017-03 | 2 | assets shrinking, loans>95% of shares |  |
| 2017-06 | 3 | delinquency rising, leaning on borrowings | assets shrinking |
| 2017-09 | 3 | net worth falling | delinquency rising |
| 2017-12 | 4 | delinquency rising |  |
| 2018-03 | 3 |  | loans>95% of shares |
| 2018-06 | 0 |  | leaning on borrowings, net worth falling, delinquency rising |
| 2018-09 | 3 | delinquency rising, loans>95% of shares, leaning on borrowings |  |
| 2018-12 | 2 |  | delinquency rising |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | loans>95% of shares |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 | margin squeeze | leaning on borrowings |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 | delinquency rising | net worth falling |
| 2021-03 | 1 |  | margin squeeze |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | delinquency rising |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | net worth falling |  |
| 2022-06 | 0 |  | net worth falling |
| 2022-09 | 1 | delinquency rising |  |
| 2022-12 | 2 | repo signal, assets shrinking | delinquency rising |
| 2023-03 | 3 | delinquency rising, loans>95% of shares | repo signal |
| 2023-06 | 2 |  | loans>95% of shares |
| 2023-09 | 2 | loans>95% of shares | assets shrinking |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 | net worth falling | loans>95% of shares |
| 2024-06 | 1 |  | delinquency rising |
| 2024-09 | 1 | delinquency rising | net worth falling |
| 2024-12 | 1 |  |  |
| 2025-03 | 3 | net worth falling, margin squeeze |  |
| 2025-06 | 0 |  | delinquency rising, net worth falling, margin squeeze |
| 2025-09 | 1 | margin squeeze |  |
| 2025-12 | 0 |  | margin squeeze |
| 2026-03 | 0 |  |  |

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

- 2020-11-17 [CEO of Mills42 Federal Credit Union resigns, successor named - americanbanker.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxNMGJUUnY4SFJEYlVoaWI5S2U3Y3V6S2tqQTY0NXZ4STZ5bGU0cDJ5Yzh2aVUxVlprTlZycXhoeGhXd2M0YmdhV1hrWGlybkUtYWtsN3V1VE5ySkswRWdoWUF4ZmtpS3BKQUFZSEFQZ09BM044RklRdUNSR2k2Smd5bEFBbE5qRjdtUW1PaUMwSDBDeHBsRVU3VWVLZlhEY29VZm9LM1R6LXphQlVS?oc=5) · americanbanker.com
- 2022-03-17 [Mills42 Federal Credit Union uplifts through acts of kindness - CUInsight](https://news.google.com/rss/articles/CBMipAFBVV95cUxNdzJRY2N4dndmZ25KdTN3M3llVEc4Z2wwcmRKTXBGU25takVXaU5pdXp5YUN6OXVBSDMwb3c2VEFScjdiYVJVTEdZQkR6aHU5NGRsTTdsS3Y1ZmYwZG1sRzVfM3dXckEtNHpvc0wwNTM0V3B2MDI0c0Z6c2NqaEpmc29MTDdoNWNKejdDbmlfUnpWWEd4NlZpM1ZJLXdWeWM3RE5VRg?oc=5) · CUInsight
- 2026-08-06 [Bricks crash onto Merrimack Street in Downtown Lowell - Lowell Sun](https://news.google.com/rss/articles/CBMilgFBVV95cUxNUjZOTm42dzRPZHlNbGZRYjNUemlpdldqSU12bFRjekl5NENWc2pVbm9SRjEyVmphM3FiOFpTbXBQWXpZOGhxSjFZYUlxUGZoaW5JNE9OSF9Tb3JZY24xWkQ2OVZoa2pUWUVBaDNOYXZMLVFCZ1JvbFNDSmJNWEctdjNhd1ctc3I1VnJXYVhSMTV4Y0J4Y1E?oc=5) · Lowell Sun
- 2023-12-04 [The Five Minute Read - Lowell Sun](https://news.google.com/rss/articles/CBMib0FVX3lxTE1BZlpDUlh4Q256YTU2M21uZjZwNnI5UVNGRVJlNGY5VXYyazFXUFZFeFdVeXVVbTRmaHcxRG15VEtHc0RBcGVVUXpmNmNrVTBXMVYzd2g3WGdpS3BjaVVjQ0ZRSlEyZWR0ZU5RRVpxcw?oc=5) · Lowell Sun

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12666 (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/58.json (key "12666", 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=12666
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide