# SECURITY PLUS
RUSSELLVILLE, KY · NCUA charter 13241 · asset band <$50M · latest filing 2022-06 · stopped filing after 2022-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/security-plus-13241

Who the members are: federal charter, manufacturing (single sponsor), organized 1959. 129 members of 225 potential (57.3% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 5.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $489,718 |
| Members | 129 (-5.2% YoY) |
| Full-time staff | 0 |
| Net worth | $257,092 |
| Net worth ratio | 52.5% (p100 of band) |
| ROA (annualized) | -17.51% (p0 of band) |
| Total delinquency | 10.09% (p98 of band) |
| Net charge-offs (annualized) | 57.38% (p100 of band) |
| Loans / shares | 37% (p32 of band) |
| Cash / assets | 74.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.16% (p43 of band) |
| Operating expense / assets | 4.68% (p88 of band) |
| Vehicles % of loans | 100% (p100 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 10.12% (p98 of band) |
| Vehicle NCO | 57.57% (p100 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 0% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $1,801 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 5% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | $12,331 |
| Loans granted, annualized | $0 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, delinquency 2x band, auto monoline |  |
| 2016-06 | 2 |  | losing money |
| 2016-09 | 3 | loans>95% of shares |  |
| 2016-12 | 4 | losing money, charge-offs p90 | delinquency 2x band |
| 2017-03 | 3 | assets shrinking | losing money, charge-offs p90 |
| 2017-06 | 4 | members leaving |  |
| 2017-09 | 3 |  | members leaving |
| 2017-12 | 5 | delinquency 2x band, members leaving |  |
| 2018-03 | 6 | delinquency rising |  |
| 2018-06 | 7 | net worth falling, margin squeeze | assets shrinking |
| 2018-09 | 5 |  | net worth falling, margin squeeze |
| 2018-12 | 5 |  |  |
| 2019-03 | 5 | losing money, assets shrinking | members leaving, delinquency rising |
| 2019-06 | 8 | delinquency rising, members leaving, loan book shrinking |  |
| 2019-09 | 9 | net worth falling, margin squeeze | assets shrinking |
| 2019-12 | 6 |  | members leaving, loan book shrinking, net worth falling |
| 2020-03 | 5 | members leaving | losing money, margin squeeze |
| 2020-06 | 5 |  |  |
| 2020-09 | 6 | net worth falling, losing money, loan book shrinking | loans>95% of shares, members leaving |
| 2020-12 | 6 | members leaving | delinquency rising |
| 2021-03 | 7 | margin squeeze |  |
| 2021-06 | 7 | charge-offs p90 | net worth falling |
| 2021-09 | 5 |  | members leaving, charge-offs p90 |
| 2021-12 | 8 | charge-offs p90, assets shrinking, members leaving |  |
| 2022-03 | 8 |  |  |
| 2022-06 | 8 |  |  |

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

- 2021-11-29 [Service One Credit Union announces Merger - WBKO](https://news.google.com/rss/articles/CBMif0FVX3lxTE9TN2FROExGcVBBY1Zoa0l2QjhXdEpiMWlVSGllVGNUZ1I3X2Fkb3NJSC1JLWRuS1RpSUU5VFpQN3hiOFJtakNkaUZsWEpNaC1SN0k4d21TcVBiOXMzNFdhN2xSOENqMjk3Q24wZk1GeG9GUWktTjlPNnRoWDhzb3fSAZMBQVVfeXFMT0FJb0VPSURSVm5pRkpkWEstMlg4bFM0SnZhV0Z2NnNLWkwxTnZSU0IyQVBNd0RVZEs2SU9ScFBHYkhHbEFteHpJRmFza3g2aVloQlRNbENlMEVLZXU5cE5qQTNZaW9sTXNrRGFlVFdObThocG02TEdhNkNjcy15aXlfN2NBaEF4d1R6VXRKWTdHVDFv?oc=5) · WBKO
- 2021-11-29 [Service One Credit Union announces merger - WBKO](https://news.google.com/rss/articles/CBMif0FVX3lxTFBYSndLRXktZEM3LW9HNUVMQnN2MjhRZEdLbGotYWwxOWg1Y2ZrTFJGcDdSRDY4dXM4MjlCMTdPU2pFUnRscWF3V19mdnNuQnVHSUl3QU9yZmV3X0ZYU083WTcyejM0ZU9ucHdaaEF6WHFHd1pXRjNqdmEteUtkR0HSAZMBQVVfeXFMTzQ2eHlNOGVWb3BIM3RuX0NXd0tUWVc4eVl1cjViNkJHRjlEMU1IQkJUQmtlMDV5blpReWRtak8tQ2o3elNPNmp6WUFoZUJBbm4xSEJVUGZtSVUydjYtSGRhTVoxbnVFNHBXOXNqWlViNTlyWGFXVnY4ZTN1RDNVaFBocUJvRXllZFMtbGFrdS1QN2g4?oc=5) · WBKO
- 2022-11-10 [Second Chance Checking Accounts By State - Lee News Central](https://news.google.com/rss/articles/CBMisAFBVV95cUxNOW82MnUyWmVEZUJGbTJMUkhhOTI3eDFWLUxEZnIteV9BVmlnRTZLYzZJY29TeWRKZ0p4NHhBbVUzejVscnRWTG5BcW5Pc2tVQU9fMG04RFpLMGNMT05UaTlMTTRWVlB6Y1NRNkt6dTk0cWU4dVB0VWZHWC1MY0tBanRsWjZlNjJ2RGhrM21kd3M4ek5DLXgwZzg5YWVzUkRzeUpZMExhUjRCWER5MnFWOA?oc=5) · Lee News Central

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13241 (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/57.json (key "13241", 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=13241
- 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