# RICHMOND HERITAGE
Richmond, VA · NCUA charter 1282 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/richmond-heritage-1282

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated, minority depository institution. 1,719 members of 9,500 potential (18.1% of the field); checking penetration 41% (share draft accounts per 100 members); loans per 100 members 24.

**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 | $10.5M |
| Members | 1,719 (1.8% YoY) |
| Full-time staff | 4 |
| Net worth | $3.9M |
| Net worth ratio | 37.4% (p96 of band) |
| ROA (annualized) | -0.74% (p12 of band) |
| Total delinquency | 0.77% (p55 of band) |
| Net charge-offs (annualized) | 2.26% (p94 of band) |
| Loans / shares | 69% (p66 of band) |
| Cash / assets | 22.2% |
| Borrowings / assets | 33.21% |
| Net interest margin | 5.27% (p90 of band) |
| Operating expense / assets | 6.44% (p91 of band) |
| Vehicles % of loans | 68% (p60 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.89% (p62 of band) |
| Vehicle NCO | 3.84% (p97 of band) |
| Repossessed % of vehicle book | 0.64% (p98 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 26% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 99% |
| Certificates % of member funds | 0% |
| Average share balance | $2,069 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 24% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $11,077 |
| Loans granted, annualized | $1.3M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **leaning on borrowings** (`str_borrowings`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, expense trap, delinquency 2x band |  |
| 2016-06 | 4 | losing money |  |
| 2016-09 | 3 |  | losing money |
| 2016-12 | 3 |  |  |
| 2017-03 | 7 | net worth falling, losing money, margin squeeze, loan book shrinking |  |
| 2017-06 | 7 |  |  |
| 2017-09 | 4 |  | delinquency 2x band, margin squeeze, loan book shrinking |
| 2017-12 | 7 | capital below 7%, delinquency 2x band |  |
| 2018-03 | 7 |  |  |
| 2018-06 | 7 | 3rd-party paper>100% NW | delinquency 2x band |
| 2018-09 | 7 | assets shrinking | net worth falling |
| 2018-12 | 7 | delinquency 2x band | assets shrinking |
| 2019-03 | 9 | net worth falling, delinquency rising |  |
| 2019-06 | 9 |  |  |
| 2019-09 | 9 |  |  |
| 2019-12 | 9 |  |  |
| 2020-03 | 10 | charge-offs p90, auto monoline | delinquency rising |
| 2020-06 | 10 |  |  |
| 2020-09 | 12 | members leaving, loan book shrinking |  |
| 2020-12 | 12 | margin squeeze | net worth falling |
| 2021-03 | 7 |  | expense trap, losing money, capital below 7%, 3rd-party paper>100% NW |
| 2021-06 | 7 | expense trap | thin capital |
| 2021-09 | 6 |  | members leaving |
| 2021-12 | 6 | leaning on borrowings | expense trap |
| 2022-03 | 6 | losing money, members leaving | charge-offs p90, auto monoline |
| 2022-06 | 9 | net worth falling, expense trap, charge-offs p90 |  |
| 2022-09 | 7 |  | loan book shrinking, charge-offs p90 |
| 2022-12 | 6 |  | margin squeeze |
| 2023-03 | 7 | delinquency rising |  |
| 2023-06 | 5 | assets shrinking | losing money, members leaving, net worth falling |
| 2023-09 | 7 | losing money, members leaving |  |
| 2023-12 | 5 |  | leaning on borrowings, losing money |
| 2024-03 | 6 | losing money, charge-offs p90, loan book shrinking | delinquency rising, members leaving |
| 2024-06 | 7 | members leaving, leaning on borrowings, auto monoline | delinquency 2x band, loan book shrinking |
| 2024-09 | 6 |  | members leaving |
| 2024-12 | 7 | members leaving |  |
| 2025-03 | 5 | net worth falling | assets shrinking, charge-offs p90, members leaving |
| 2025-06 | 4 |  | net worth falling |
| 2025-09 | 6 | delinquency rising, charge-offs p90 |  |
| 2025-12 | 6 |  |  |
| 2026-03 | 9 | net worth falling, repo signal, assets shrinking |  |

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

- 2023-02-24 [The important reason Richmond's last Black credit union is hosting a trolley tour: 'It's really that simple' - wtvr.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxOaXd2dWdPdzkzb1pZcjBmUlctMHJDMUswYzV6OXpEcW5XTm9HSHlVVTU0bnNILU9YQ0dpckJyc21UYkI5SFJFeU5wN29wR3ZHb2RVU290SUc4dzhwU2RfZVFOTW5nQzR5eTJkcGtuYmQtQld0Y0tsaGZQcWZXT0R2N0FpS3VLV0RXM3lDaWpLQjNuaTJaOTFVcVByVDZyVWFLMnBvVGl4Q3dPX3BZdTQ5ZjlkZ2J1SXlWdFZVMEZDNlJaOWFfZVJUcXJmeVY?oc=5) · wtvr.com
- 2019-02-26 [Credit union created by black educators celebrates its community legacy - WWBT](https://news.google.com/rss/articles/CBMiowFBVV95cUxQNUJ1dEhTTTZtd200VVNLcnZ1blVQdzhGRzB6RUpzcV9LUHo5cGpmeU1rQzk1TGJKSlZzaFpEZUg3UkZwZGxjRGNybm9TamtKSXRXUFM3bUxNZjl4SFF5RWhTVWN1TzlkQ1NrbENfQjJ1M2ZCRXBPQmEtZVptWUtpUkpEcXA0eXhHNFhBT1pBcGp2UVhkZHJCUE9reTQtM0IzVE9Z0gG3AUFVX3lxTE5sWVdiVm1zOWI5a2xKOWFxRXZzTkg0d0pVZ2JNTUNOVzF4dEtzREZzZ3l5WHRvOE94UWhJemJEZUYzekNKS0FqWjd2Y0xralRueTFDZGtXNUp0NmV2c2tuaXlUMWxBXzh4VGJvdFBaSmVSRnRWU0dPUjFrVEVPVzJXX1NHRWtjdi1CcnJxbmxZVXhCU1Q2NU54UHZHYy1zSlZkdXB1Rms2ZTV5TWxFYXdoQnZQMkY0VQ?oc=5) · WWBT
- 2023-02-09 [Next stop in Virginia Credit Union’s city expansion plan: Church Hill - Richmond BizSense](https://news.google.com/rss/articles/CBMirAFBVV95cUxQOFBEcl82cVFjN0tuTnhNODVPR09lUDZIanRlbUpHRUpZZURLY2NESEc2Rk9Ba3dqdGFwSW1UUUVaTWlDR0libVc3XzV2aUdkbXoxTldSQ3FxamFvekNOTl9RZkdlWDRhdGUzNFY5Y2l4eUtJcXZPNWJXNEdWN2lJMEZFcjZ5aWpHVWF6Wjh1LU1wZEY0d2lDSlZXTDVjNW1rYXgwRFJWcHVSMDVk?oc=5) · Richmond BizSense
- 2019-04-25 [Richmond’s Market At 25th Shaped By History, Needs Of Church Hill Residents - VPM](https://news.google.com/rss/articles/CBMirwFBVV95cUxOcWpPNHpBSU5wbkVrV2I1bUNkeVo0d2tYU1FWNEZ3MUhobGVyZ3RHbnhuUnpiQkZZSUtBQjQyOTZRcHg2V25WSF9JWG52N21Cdml3LUgxaldCSGt0UjMxMWloYUtXSmZPNlNFRUdDaE5xRjZYb1Y0TGZwUW95OWRYXzhCekZHSmQzbGhYV1hsYkV0YXk0aDVFQXpVekpCbER5Q1BhLVJaTnV5R0ZSeFZV?oc=5) · VPM
- 2019-04-10 [Opening Soon: The Market at 25th in Church Hill - richmondmagazine.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPc21CMUtQN21hOGRvM2hEWWJISHA5RkZQZXlXTzBhUU8zZHB6blRtSlFVOUxrNC1mczNfbUNaT00tTG9FM1JFRGpBdWpGZmlOdEJBcTI0VUo5VWIxNm81ZzIzdF82RVpvS3FlVXNFQy1fM2tHVmNRZDREN0xscnNTdzRCWFFjSU9yQVQ1TGNVX0FPc1RleFE?oc=5) · richmondmagazine.com
- 2024-01-23 [The Herd: New hires, promotions & departures for 1.23.24 - Richmond BizSense](https://news.google.com/rss/articles/CBMimAFBVV95cUxPdWl4OGc4c1d6VVA3TE4xcWFVQndJYlpyNURUU0dYQkhfTkR5VlUyUDBTQ3Z4ZUJCRkJHRTJjSlpPQ0dIS1QzMWlOU3VVMmIwNUJwNXozeDRNTWxQRkNmbXRvdF9EUmlQTXNwblRmNldnWGZyY1ZWaUsxUnlBTkpMczZEdWRmZlpMcm5wV29TM2djZVhzWGE3Sw?oc=5) · Richmond BizSense

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1282 (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/2.json (key "1282", 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=1282
- 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