# MARINE
Jacksonville, NC · NCUA charter 12977 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/marine-12977

Who the members are: federal charter, multiple common bond, organized 1959, low-income designated. 77,115 members of 467,000 potential (16.5% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *indirect buyer*. 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 | $1.08B |
| Members | 77,115 (-2.4% YoY) |
| Full-time staff | 239 |
| Net worth | $113.5M |
| Net worth ratio | 10.5% (p45 of band) |
| ROA (annualized) | 0.62% (p42 of band) |
| Total delinquency | 1.35% (p92 of band) |
| Net charge-offs (annualized) | 1.97% (p98 of band) |
| Loans / shares | 82% (p36 of band) |
| Cash / assets | 12.6% |
| Borrowings / assets | 0.89% |
| Net interest margin | 4.81% (p99 of band) |
| Operating expense / assets | 3.79% (p79 of band) |
| Vehicles % of loans | 27% (p53 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 163% (p58 of band) |
| Vehicle delinquency | 2.06% (p96 of band) |
| Vehicle NCO | 5.95% (p99 of band) |
| Repossessed % of vehicle book | 0.21% (p83 of band) |
| Real estate % of loans | 28% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 22% |
| Commercial % of net worth | 145% |
| Core shares % of member funds | 45% |
| Certificates % of member funds | 21% |
| Average share balance | $6,508 |
| Participations bought / yr | $105.9M |
| Participations sold / yr | $0 |
| Participations outstanding | $298.1M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $17,300 |
| Loans granted, annualized | $124.9M |

## Participation posture (from the same filings)

Bought $105.9M and sold $0 in the latest annualized quarter; $298.1M outstanding purchased (262.7% of net worth), $7.1M sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 5.6% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, charge-offs p90, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 6 | net worth falling, losing money, members leaving |  |
| 2017-06 | 4 |  | net worth falling, losing money |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 5 | delinquency 2x band |  |
| 2018-06 | 5 | net worth falling, losing money | members leaving, delinquency 2x band |
| 2018-09 | 5 |  |  |
| 2018-12 | 5 |  |  |
| 2019-03 | 4 | members leaving | net worth falling, losing money |
| 2019-06 | 4 |  |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 3 |  | members leaving |
| 2020-06 | 4 | net worth falling |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 4 | margin squeeze |  |
| 2021-03 | 4 | net worth falling | margin squeeze |
| 2021-06 | 2 |  | charge-offs p90, net worth falling |
| 2021-09 | 3 | charge-offs p90 |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | delinquency rising |  |
| 2022-06 | 3 |  | thin capital |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 4 | net worth falling |  |
| 2023-06 | 3 |  | net worth falling |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 5 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2024-09 | 4 |  | delinquency rising |
| 2024-12 | 3 |  | net worth falling |
| 2025-03 | 3 | members leaving | delinquency 2x band |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 4 | delinquency 2x band |  |
| 2026-03 | 3 |  | members leaving |

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

- 2026-07-31 [Marine Credit Union Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMidkFVX3lxTE1lMGRaNk5SSEgxNmlvNTBaSjlkaVA0Uk5LUENiOFRiRFpEaEJhdWlHV1JvZ0U5ZmRoTFZ5aTMyYjlkWHNCYlk1ZWtpX2hWNEVkUjY2ZG5MME8zd2cwQWRrOU9qMloxR0QtTkdjWlVwS2NjdDhrOEE?oc=5) · reveliolabs.com
- 2026-06-18 [InvestiFi brings digital investing to Marine FCU - FinTech Global](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNYlJ6SV9nUS1EUTU1OHU1WVhCdExrUll3eWMyWXAySVl1aDFORWdxUGdkY255NmdFczFETm5hSGYyQXN3SjQ3TGJhLVZOWm5Odm9naS02ZEo3V0F1bDZBVjJQeDBCLTFOOU13VXN1cFpYMW5HcUZBTWZFeklNTWl6S3ZiR3R6dkxqSGFR?oc=5) · FinTech Global
- 2026-09-01 [Craig Lewis Chamberlin Obituary (2026) - Jacksonville, NC - J. Henry Stuhr Mount Pleasant Chapel - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxNWkprRXJuZ2haVVhvUnNhWTVnX0J5OTAzeU5nMUhibENwbFVWTTlFWnRDVl9sWk94X1B2M1FudWhmODZULU5fOHBWZTNiZjVTd0ktLVl5R3Q4UkE5WUpfM2hOTXhVbDVOVlVudGxLSVk1VUV0VmVUYkRkd28zcEk2ZnlPNjZzZw?oc=5) · legacy.com
- 2026-05-08 [Dieter E "Pete" Mueller Obituary May 23, 2015 - Funeral Home in Jacksonville, NC](https://news.google.com/rss/articles/CBMiZEFVX3lxTE0zQnl4a3lMMmJ2enVIMjZmUWlhMVN0dFU2MXNoU1A2WWhkYU93OUZxRlNHVEpjcGRKNnhmVXFWODVzRnRoZ1NXWmoxUUNiMHdmbEhzY1RnclBFMmlESU9UZEptbko?oc=5) · Funeral Home in Jacksonville, NC
- 2026-02-22 [Searchers Find 'Burnt Human Remains' - ABC News - Breaking News, Latest News and Videos](https://news.google.com/rss/articles/CBMiW0FVX3lxTE5iTzllSWUwNEpmSkdNdm1XbzZpUXdZVTZSbE9qRXFfem1STmpfOGpaZmJ0RzUwSGJDWnFOZ205d1RPLWRrbjlFS1MtUVVIcmdSaWc4eV9hOWxuX2PSAWBBVV95cUxOZDcteVRMYmt6aTdnSWVGZF9zUDFBcHVIc2thTWdyOXJ6cHNjVG13QXNxV2FQemZQLTJURTlSQlhhVWJoTktKT2tpLUMza1RuNVBKNHc2ZTZkaG80SWxhU0E?oc=5) · ABC News - Breaking News, Latest News and Videos
- 2026-03-16 [Onslow Memorial Hospital to host free Hop Into Health community event - WCTI](https://news.google.com/rss/articles/CBMioAFBVV95cUxOcm1zbnpjN2E3NzljVXdGTl93OFBIVGZVb0toWDNKd3V2anc0LXAwOVFPUlJWNTBoNGFXTHFRUHVrUjd5Z3VGeFE0OGVpZnpMNjFLVmFYczhHZERPNjBFX0R5OG9IUjFLMlRwdWhpMzZONHdBZTFkWW5Ha3hRV1Y0QmZ0dTFVUXdnVDZET2V2UnhUSEl4QUowaHdhaWlodHhT?oc=5) · WCTI
- 2023-05-22 [Jeff Clark - University of North Carolina Wilmington | UNCW](https://news.google.com/rss/articles/CBMickFVX3lxTE9Mc3Uxak5TTHpwelB2ZzlHUXZfTDZiRUZDcUdqMjVVUGhzMXNZbmdoMU1mTkRYNU5kOWdJdFRWMGN0UW9hbmZsMjhIM19nNG9ETk41RnpTSC1TcE9jVG5mX2VNSlpkcURGMmtXZTVsSEw5Zw?oc=5) · University of North Carolina Wilmington | UNCW
- 2026-07-08 [Donald Shoemaker Obituary Jul 8, 2026 - Hendersonville Times-News - BlueRidgeNow.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE96QWM4SmdYYzZEVldXcVp3aVZpbGVucktOZHBqRkVRSWFydFJJZnhQaHFtMFV5NUNTU2M4ZkJWczVKSnM1ZWJKeWxQWGdWcGRBVVdtSVJPQ1BXbm5GMUROWm83cXd5VmJxTFhBdWdiSXc?oc=5) · BlueRidgeNow.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12977 (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/49.json (key "12977", 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=12977
- 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