# NOTEWORTHY
Cleveland, OH · NCUA charter 13559 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/noteworthy-13559

Who the members are: federal charter, multiple common bond, organized 1960. 692 members of 2,700 potential (25.6% of the field); checking penetration 20% (share draft accounts per 100 members); loans per 100 members 57.

**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 | $5.4M |
| Members | 692 (-12.4% YoY) |
| Full-time staff | 1 |
| Net worth | $12,388 |
| Net worth ratio | 0.2% (p0 of band) |
| ROA (annualized) | -2.32% (p5 of band) |
| Total delinquency | 1.79% (p75 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 62% (p57 of band) |
| Cash / assets | 29.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.09% (p5 of band) |
| Operating expense / assets | 4.55% (p70 of band) |
| Vehicles % of loans | 0% (p3 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | – |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | – |
| Vehicle NCO | – |
| Repossessed % of vehicle book | – |
| Real estate % of loans | 0% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 3344% |
| Core shares % of member funds | 23% |
| Certificates % of member funds | 49% |
| Average share balance | $5,780 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | $8,441 |
| Loans granted, annualized | $0 |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $437,883 sold and retained. Sold in 5 and bought in 0 of the last 8 quarters. Shares 47.6% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, expense trap, loans>95% of shares |  |
| 2016-06 | 2 |  | expense trap |
| 2016-09 | 2 | net worth falling | loans>95% of shares |
| 2016-12 | 2 | loans>95% of shares | net worth falling |
| 2017-03 | 3 | delinquency rising, members leaving | loans>95% of shares |
| 2017-06 | 3 | loans>95% of shares | members leaving |
| 2017-09 | 4 | delinquency 2x band |  |
| 2017-12 | 4 | expense trap | delinquency 2x band |
| 2018-03 | 3 |  | expense trap |
| 2018-06 | 3 | leaning on borrowings | thin capital |
| 2018-09 | 2 | thin capital | delinquency rising, loans>95% of shares |
| 2018-12 | 2 | loans>95% of shares | leaning on borrowings |
| 2019-03 | 5 | losing money, margin squeeze, delinquency rising, charge-offs p90 | loans>95% of shares |
| 2019-06 | 2 | loans>95% of shares | losing money, margin squeeze, delinquency rising, charge-offs p90 |
| 2019-09 | 1 |  | loans>95% of shares |
| 2019-12 | 4 | net worth falling, margin squeeze, loans>95% of shares |  |
| 2020-03 | 3 |  | loans>95% of shares |
| 2020-06 | 7 | capital below 7%, loans>95% of shares, leaning on borrowings |  |
| 2020-09 | 7 |  |  |
| 2020-12 | 7 |  |  |
| 2021-03 | 6 |  | net worth falling |
| 2021-06 | 4 |  | capital below 7% |
| 2021-09 | 7 | expense trap, charge-offs p90, assets shrinking, loan book shrinking | margin squeeze |
| 2021-12 | 4 |  | thin capital, loans>95% of shares, charge-offs p90 |
| 2022-03 | 4 | losing money, delinquency rising | leaning on borrowings, expense trap |
| 2022-06 | 6 | expense trap, delinquency 2x band |  |
| 2022-09 | 5 |  | delinquency 2x band |
| 2022-12 | 6 | delinquency 2x band |  |
| 2023-03 | 4 |  | loan book shrinking, losing money |
| 2023-06 | 2 |  | assets shrinking, delinquency rising |
| 2023-09 | 3 | assets shrinking |  |
| 2023-12 | 3 | members leaving | assets shrinking |
| 2024-03 | 5 | losing money, delinquency rising |  |
| 2024-06 | 5 | margin squeeze | delinquency rising |
| 2024-09 | 4 | assets shrinking | delinquency 2x band, margin squeeze |
| 2024-12 | 4 | loans>95% of shares | members leaving |
| 2025-03 | 1 |  | losing money, assets shrinking, loans>95% of shares |
| 2025-06 | 5 | thin capital, net worth falling, losing money, delinquency 2x band, members leaving | expense trap |
| 2025-09 | 6 | expense trap, delinquency rising | net worth falling |
| 2025-12 | 9 | capital below 7%, margin squeeze |  |
| 2026-03 | 9 | net worth falling | expense trap |

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

- 2026-06-02 [Cardinal Credit Union Joins Forces with NoteWorthy Federal Credit Union; Members to Gain Access to Expanded Suite of Services, Branch Locations and Digital Banking Tools - PR Newswire](https://news.google.com/rss/articles/CBMixgJBVV95cUxOdGZxR0oySzhNS1otaFlGRTM4N0VHSFI1N1JvR3pSV24teUZ3VllPaHVwQjJ5S2lLbHlqT0wtLTBIaXl4eWdTNDB2TWVQME5UdmlBNnlIWVlDTS1xeGQ5bk95aFltcGZMeG5hOV82UEgwQ2xRM2FkOXN0YTU0Um5sbUVCR0luSWtRUzRqNzZPWHZ3VVV5Zmc5cmw3NkI3Z0ZlLWlPbVA4YVhvUVB1R1VsVEhyQkszSmRIQVZBUDBwM3ZvendyVkhHb1dzMk1EVDNoT3ViTUI1Q1ppazA2dF9FdEljWW5LMTRwa0oxYUpoTmYzYUVRYUg2bEU1TTFPSEZ6X2hvNmIwRDM0b1VYbVFGVW12cGVxVGtMSDd5Mi1qcS1GdVJXWV94Nlg3TzdDQWNXX1d5TjJ6R1VFWTEtMXBFcDFGNlo3QQ?oc=5) · PR Newswire
- 2026-06-03 [Acquisition expands Cardinal Credit Union to Cleveland - Crain's Cleveland](https://news.google.com/rss/articles/CBMipgFBVV95cUxQQ3ZCNmdlWDZqUkM5d2JiV3d6ZW5NT0NDWnR6UjY5OWJxQ09VRzZsQllUTXhzMXpKQWFNaTdjNmZRcGhmUS1wWGFEUzVUUmt0dWJoWTlvc251dHpnSmtZMDNraktYQ3pndy1RWUwtc0pLbF9HdE1fYklXTjY3bU1VVjE2bGRDTFBGQTd5RUNOdTV1YzFscVBzQzVudTNNY3J5QTlSdlN3?oc=5) · Crain's Cleveland
- 2026-06-08 [Cardinal Credit Union announces merger with NoteWorthy Federal Credit Union - ATM Marketplace](https://news.google.com/rss/articles/CBMisgFBVV95cUxORmZLY2Q0V05PYlFQdHJfVXVBU2pQM0J6NVM0VDVWVWp6eHEyd0ZSaTNnLWs3SjhIWVZIbFhkNFdyeXo0SjFYTUdCVFlvdkw4VFBNU3pLSnlvdlpmS0lvcDFhLThRdzItcHBoazB0Q3lLS1BjSnN6TU5sQUtsaVRiaERHWG9xQklhMDFPb0NabTRMUFVtbjRVak03aXNkYm1qRU04S2x2VzFwVlhjTzNXOUZ3?oc=5) · ATM Marketplace
- 2026-06-10 [The Credit Union Growth Play That Isn’t About Getting Bigger - PYMNTS.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxPSi1wRWh4akQteDVKNHNDTTM4b2VKRFdmd28tbWVWMk5VZ1p5RXY4dTktcUpDUlpWQzE5eTdySmNPQ3RBcTUwLTM1MjB6Qk55cXIxZFF4cVJST2dZWDVYaE4zTldMMjNkbUVwblNYX0ZHS2tHeGVvN3F2bWsyY2VBZ01aUEFjLXlMNHc0QUV3UGx3SlNSeXFkNF90RXZacVJZYm5kLQ?oc=5) · PYMNTS.com
- 2026-06-15 [Credit union merger brings ATMs, financial services to artistic communities - ATM Marketplace](https://news.google.com/rss/articles/CBMitgFBVV95cUxNVDNBOFFMRXpXbXJYRWI0Z2hqNlZ6ZFdzUTY3UGEzSVktZU52ZzlCV1o3S1RWanFFa3liOTdadWg3eGhGbHJpenVrNklDMDItUWFRalEzekdoeWFGZWhqX3BqeHhBQWVsTGp3QUdxaGdIclNPQ1BJeGM3ck91ZFNzbGR3U1I1UGpvdWFjQ0Z5MEFYSTk0Y2c1a2JMLTJSQTQtSXExcnVZX2t6T1NZNUhaT0RINWFDQQ?oc=5) · ATM Marketplace
- 2021-04-05 [Digital loom weaves new opportunities for Praxis Fiber artists - thelandcle.org](https://news.google.com/rss/articles/CBMimgFBVV95cUxQREpkZXVkdWlUSm5nNEZzU1BSSWxXcC1uTlBfLUY5Z1VJekZjdlU5dGxiOEhOSjByVzhQTmlFVTVFbDlpM3hQa2xGWjBrQWc4QThER3VMaU9kdnVpZEN5NEFqNC1pdzJrbXprNGtDV0Y4SGJKUDVyd3JoUFYtODlGSzJVV3UxQUxPb2FFRDI5YXlibTctWTFPa3Zn?oc=5) · thelandcle.org
- 2024-08-27 [Making sense of Northeast Ohio's recent nonprofit leadership transitions - Crain's Cleveland](https://news.google.com/rss/articles/CBMisgFBVV95cUxQT29JcEFUenVsYi1VSFZLNUcwajM5dDNZMGo2SlAtbTdFOU5RRUQ4R01jczlNVEZwZGFVNTM4cnp4LXVkMExuNDBKU0dlcXVhSlZEeV8wakQ3aVoxX1BRUEs3ZmMyNlNMWFE1WndpeGRFdVJmMk03Rng4eU55Ti03c0pURVhvNm4zR2Jya3BZY3I2VlhfWUsyYUJBVVFxQVFLNFpuYllwR2wtbWxGSGk0Q2pR?oc=5) · Crain's Cleveland
- 2021-03-17 [Noteworthy News Bits From… - Northwest Indiana Business Magazine](https://news.google.com/rss/articles/CBMijgFBVV95cUxPTXU2ZUk2elhSa0lKdlgtNW9idngxWHR6Y2hwNHRra015a2hkWWxTcE5zTW04SXpBd3NFdXFUc0JrbmFDdHZTRWQ1SlVEM2puTURjYVUySEFYVEl5OTU2Xzg4aUpad09fRHRJOUNwX3JnekNUaW9yYW5pbEd0QlZEQ3RqN29WeUw3cGpHdEtR?oc=5) · Northwest Indiana Business Magazine

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13559 (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/55.json (key "13559", 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=13559
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide