# CIRCUIT
CHEEKTOWAGA, NY · NCUA charter 12912 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/circuit-12912

Who the members are: federal charter, community charter, organized 1959. 1,043 members of 76,000 potential (1.4% of the field); checking penetration 31% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $11.6M |
| Members | 1,043 (-1.1% YoY) |
| Full-time staff | 5 |
| Net worth | $1.5M |
| Net worth ratio | 13.2% (p38 of band) |
| ROA (annualized) | -0.26% (p19 of band) |
| Total delinquency | 0.62% (p49 of band) |
| Net charge-offs (annualized) | -0.14% (p9 of band) |
| Loans / shares | 76% (p75 of band) |
| Cash / assets | 32.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.63% (p77 of band) |
| Operating expense / assets | 5.58% (p86 of band) |
| Vehicles % of loans | 41% (p26 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 87% |
| Certificates % of member funds | 13% |
| Average share balance | $6,336 |
| 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 | $18,426 |
| Loans granted, annualized | $2.5M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 2 | losing money | charge-offs p90 |
| 2016-09 | 1 |  | losing money |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 3 | assets shrinking, members leaving |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | assets shrinking |
| 2018-06 | 5 | losing money, charge-offs p90, assets shrinking |  |
| 2018-09 | 7 | net worth falling, loan book shrinking |  |
| 2018-12 | 5 |  | members leaving, loan book shrinking |
| 2019-03 | 2 |  | losing money, charge-offs p90, net worth falling |
| 2019-06 | 2 | charge-offs p90 | delinquency 2x band |
| 2019-09 | 0 |  | assets shrinking, charge-offs p90 |
| 2019-12 | 0 |  |  |
| 2020-03 | 3 | charge-offs p90, assets shrinking, members leaving |  |
| 2020-06 | 1 | margin squeeze | charge-offs p90, assets shrinking, members leaving |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | net worth falling |  |
| 2021-06 | 0 |  | margin squeeze, net worth falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | delinquency rising |  |
| 2022-03 | 3 | net worth falling, losing money, charge-offs p90 | delinquency rising |
| 2022-06 | 1 | members leaving | net worth falling, losing money, charge-offs p90 |
| 2022-09 | 1 | losing money | members leaving |
| 2022-12 | 1 |  |  |
| 2023-03 | 3 | delinquency 2x band, delinquency rising, assets shrinking | losing money |
| 2023-06 | 0 |  | delinquency 2x band, delinquency rising, assets shrinking |
| 2023-09 | 0 |  |  |
| 2023-12 | 1 | delinquency rising |  |
| 2024-03 | 0 |  | delinquency rising |
| 2024-06 | 2 | delinquency rising, assets shrinking |  |
| 2024-09 | 2 | members leaving | assets shrinking |
| 2024-12 | 1 |  | delinquency rising |
| 2025-03 | 3 | losing money, margin squeeze |  |
| 2025-06 | 4 | loan book shrinking |  |
| 2025-09 | 3 |  | loan book shrinking |
| 2025-12 | 2 | assets shrinking | members leaving, margin squeeze |
| 2026-03 | 3 | delinquency rising |  |

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

- 2026-09-02 [Delfi Announces Strategic Investment from Members 1st Federal Credit Union to Advance Next-Generation Balance Sheet Management - Business Wire](https://news.google.com/rss/articles/CBMikAJBVV95cUxPRXJPVGJSQ1RVeGhMMnNWdGpMUnZCb09UOThkZGhWR1JJb201aWtVZlV6UmM2THA4SC04UUcxVmUzY3dwR1NEQjltVDRmVEc1eEZ3TTlzZkF6WUhyU3BpelZZU3lVYjVlWTl5VThoQmJ4Yml5MXhzd3JmenN3Z3BjRlZDSWlzMWdZOXpZZjVMT0VYUF9fT2haNjNxMTBkbWZaaEE1MFFKdEhvZmtod3UwYmQybFM4SWI0bjVKNmVlTHVJakdITnowNzljSlEzT2xCVC02RnE4Tjc5dm1PU0RPSDg4MFNzWjYyNjFnYUF1VDl5WDktQS1FX1hBY0xiZXpoT2EzQmVlTzRTTG14UC1BNA?oc=5) · Business Wire
- 2026-07-31 [Delfi brings agentic AI to credit union balance sheets - FinTech Global](https://news.google.com/rss/articles/CBMikwFBVV95cUxQSDdGbGRKTTFoOTVmVHdMTW1LaUsyc09nVjVHbWdGZ25la3RTZlJlWjItdHd6MFA1eXQtQUtvQjZ5VHV4WDhQZ1NiVWt4bUptTTFPZ1J2VWU5WnRTdXA5VGVFbVRrRXNRcXVMR2hxMEF2TC1yYjMxQ1hIekVXbVN2YWFsUHBGU2hRWWl5U2lzanVreW8?oc=5) · FinTech Global
- 2026-02-09 [Fourth Circuit Revives Case Challenging Navy Federal Credit Union’s Mortgage Lending Practices - DiCello Levitt](https://news.google.com/rss/articles/CBMivAFBVV95cUxQOVdYZExVWU1yQ3I4eFJuRmdENEc2aUNuTFNNVmRmS3lvdjNkTzlhYmlPWXBvVm04OEFRWFlQY1Vkc2o4bm5aMFhsaWlyMnpXVkxSUlhFd0ZUR2xPZzFxeXo5LU9qT1lGeWZ6QzNON1F2clpZVzhacVRCaHo3UUx0Q0V4Rnl0ZXFUYmo0Z216bGNNeFVKWmNFQU15X1N4aXhlWWZTbEVyYjhXeVJxMWlGUlVqS1JIeVZZblo5bg?oc=5) · DiCello Levitt
- 2026-02-19 [Federal Court Partially Upholds Illinois Law Limiting Interchange Fees - fintechanddigitalassets.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNREk2dG1GZ0RjMGlxaUthSEJXZGJUaHFONGdvSjNFZkl4MnVLN01yZUszejRBQW0yY0gwQ29kUFExZjlwVkN2WGcxaTFoa3RCTDBMUFVDSDRuUzBLTlEySFREaE9Hbm1kWXRvNUZoTXFLRGRqUTM5LVFuX1JmZXNwWG5XVC02a1JRMl96b0JMUkxoNGFfb0c1MF8tMHBmYUR0b3J4dE9HWnNISVE5em1EdDNSNk80dmlXc1dB?oc=5) · fintechanddigitalassets.com
- 2026-04-09 [Third 2025-26 PRRO Circuit Stop Headed to Credit Union Cherry Blossom 10 Mile - Endurance Sportswire](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1Oa29RVjBLbkpmd1lCU3RiaXByb0hodEl3cnhhQmMxVWV6RE53blotX1djdW16VDVzcHhfNU1XXzdQaTQwY0pXUEdRVm5LXzFtWk8wT1R0VjU?oc=5) · Endurance Sportswire
- 2025-12-08 [Second Circuit Poised to Rule on What Law Applies to Consumer Wire Fraud - Mayer Brown](https://news.google.com/rss/articles/CBMizAFBVV95cUxNUXhGNWVqV1k4WGllejZpQS13azN5MVg5U2Rha1pTTHYwUHRZTFFsWk5fQmJKb3ZIeWFtamVfbDl2OWVGRmg4Y1JWSWtpZTIwemRoekhqak42aGRyY0I1SklGdFZZUEpfV1pIc3B4endLaEcyVkdmYUtNTndCbkdFV1hvLU5SaU9iVUItMGhWUF9SMkE2dE13UUhrS19ObnV5azJhR3VaWnBhcy1MMml6TU55YTlvV2JYSXNEVWVGUVZBc0Vhc01ZeVVFUGE?oc=5) · Mayer Brown
- 2026-04-09 [PRRO CIRCUIT CONTINUES AT CREDIT UNION CHERRY BLOSSOM 10 MILE ON SUNDAY - RunBlogRun](https://news.google.com/rss/articles/CBMisAFBVV95cUxPRFJCeGNZMHozekx5R19JU0tTLTFZMlM1dXhCcTNYckVRRTFNVkJ4MTBrcnJPcTkzV1lySHNaTXNENFNrRVpIWEtKZkJDZFQyOVJWa1FfRVJPTTh5T1E4RDlUT3czaVlKWHVPbWpJQVhEdzBPeDV1WURpSHd5QzZtZjVlUWFFSFpJVy0xQjFjWXFBSU5McmVnMXpoY1VYUXRhYWFaYVV4VHc4MVNPa1R0TQ?oc=5) · RunBlogRun
- 2026-03-17 [PREEMPTION—OCC backs bankers’ appeal of Illinois interchange fee ruling (Mar 17, 2026) - vitallaw.com](https://news.google.com/rss/articles/CBMi1AFBVV95cUxORTNHcEhGTTJpeTFIcC0yRk41SG5YNWF0SkxBbjFyWHhyRFVWb3NMZWlwQ2RoVFpPTkRsa0lxdHhJdDY4TnZsbm5sWTBrNVJpWVRuRVNDMDVJS2V1dDJXY3Z5cHE1dzVoVmZmbmNPZGNQWnhFMFdvZ1BFTnFKQjlMbFRRUU1lVkZ5Rk1Ja0ZrbFU3T2pSRmNCczl3U0p0WmxNNTJ0WXNNc0RCNEgzVTJsbUo0YVZBT1FJZlp2QzdGY0g1VzZYdzlIcFZoMVowSld2M3JqdA?oc=5) · vitallaw.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12912 (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/48.json (key "12912", 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=12912
- 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