# S M
Philadelphia, PA · NCUA charter 13234 · asset band <$50M · latest filing 2017-09 · stopped filing after 2017-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/s-m-13234

Who the members are: federal charter, associational, organized 1959, low-income designated. 61 members of 150 potential (40.7% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 0.

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $57,984 |
| Members | 61 (-47.0% YoY) |
| Full-time staff | 0 |
| Net worth | $10,264 |
| Net worth ratio | 17.7% (p77 of band) |
| ROA (annualized) | 3.51% (p100 of band) |
| Total delinquency | – |
| Net charge-offs (annualized) | – |
| Loans / shares | 0% (p0 of band) |
| Cash / assets | 98.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 0.03% (p0 of band) |
| Operating expense / assets | 0.12% (p0 of band) |
| Vehicles % of loans | – |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | – |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | – |
| Vehicle NCO | – |
| Repossessed % of vehicle book | – |
| Real estate % of loans | – |
| Credit cards % of loans | – |
| Unsecured % of loans | – |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $764 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 0% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | – |
| Loans granted, annualized | $0 |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, losing money |  |
| 2016-06 | 1 | delinquency 2x band | thin capital, losing money |
| 2016-09 | 3 | losing money, expense trap |  |
| 2016-12 | 1 |  | losing money, expense trap |
| 2017-03 | 6 | margin squeeze, delinquency rising, assets shrinking, members leaving, loan book shrinking |  |
| 2017-06 | 5 |  | delinquency rising |
| 2017-09 | 3 |  | delinquency 2x band, assets shrinking |

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

- 2026-05-20 [Wave to Earth Take "The Pieces Tour" Global With a New Album Coming This Summer - That Eric Alper](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPRXpfbmk0em9qbWphMEpBSk9RZHZtMUYyVVFvYi1JcUc1TjFxYXJqUjRoZUlnWmR4N2NjY2pGV1dUNjR3aVY1YW1JbDY4dktWWTZsTzZsSEtKNXFzSHpwckNSbEc0cHVMdWN4M3NkNlI2X3VRQThwUE8yMzh3bFJKRFdjVnVEOEtiRVN5ME5TaDhWbEhRT1ZOdzVSWW8wOGxGbXRzNklCeTVwZ2paekxGR08xcUIzT2k1SXhJ?oc=5) · That Eric Alper
- 2016-11-18 [Student Life - The University of Utah](https://news.google.com/rss/articles/CBMiXkFVX3lxTE5PdjBzd2ZPMzJjZVlGZW41WFllQTBhM18wNDZ5T1ZkSlF1TTZ6aGpxX3JjTi1XcDhvbzY3cTlicnRza3h0eTJRamtmWnl3cDZJdG1iN1hHak5ZeUwtTlE?oc=5) · The University of Utah

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13234 (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/50.json (key "13234", 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=13234
- 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