# VIRGINIA BEACH SCHOOLS
Virginia Beach, VA · NCUA charter 13772 · asset band $100-200M · latest filing 2021-09 · stopped filing after 2021-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/virginia-beach-schools-13772

Who the members are: federal charter, multiple common bond, organized 1960. 7,010 members of 20,000 potential (35.0% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 42.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $115.2M |
| Members | 7,010 (-0.9% YoY) |
| Full-time staff | 30 |
| Net worth | $7.9M |
| Net worth ratio | 6.9% (p5 of band) |
| ROA (annualized) | 0.27% (p22 of band) |
| Total delinquency | 1.63% (p96 of band) |
| Net charge-offs (annualized) | 0.03% (p19 of band) |
| Loans / shares | 34% (p7 of band) |
| Cash / assets | 20.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.98% (p18 of band) |
| Operating expense / assets | 2.84% (p42 of band) |
| Vehicles % of loans | 63% (p88 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p21 of band) |
| Vehicle delinquency | 0.11% (p29 of band) |
| Vehicle NCO | 0.07% (p27 of band) |
| Repossessed % of vehicle book | 0.00% (p35 of band) |
| Real estate % of loans | 21% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 16% |
| Core shares % of member funds | 80% |
| Certificates % of member funds | 2% |
| Average share balance | $7,387 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 42% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $12,193 |
| Loans granted, annualized | $15.7M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

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

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

- 2021-10-24 [Virginia Beach Schools, Langley FCU Complete Merge; Combo Includes Payout to Management - cutoday.info](https://news.google.com/rss/articles/CBMivwFBVV95cUxNaFJOSDBmLTg0VGJCOEtUUDlhYWtRc3Rpc3N6YkJMZlA2RnhNdVMwcmlETlhzNE5XZ2pvZUdqQzV3OXlBSmdKMUt0YUIzdVM5TWNqdl85WWlIU3hicFZIeUhhUlJQbVprbXlObUNHelNtUTRndzJBaEVPRmlyVkxjR1c3U3RHSk42Q203TVZocTlyaFpKUHFUM1NJY2g2U2NvNnBFdVIzT2FzUHBvemhwajVheW90cWVlVTFFUVJwUQ?oc=5) · cutoday.info
- 2026-08-13 [Virginia Beach schools hosts back to school ‘Care Fair’ August 15 - wavy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxQbU9ldjJaaFY0dnVuSi0wQ0FoTzRQcFcyWF9rRm5UekNhaUNpREVJUl9Fb19haUpLLW9kWDZtYWJGRlpneG4yWkx1aUJjTEYtRFY2NG1uOUxRcnFiZk9SdGxINnZFSmNyZWs1U25SRVBmWDZ1S2dIX1FWamNYMjhBQVlSV3NuQ3BibTBGeFNzWGdXMkxk0gGaAUFVX3lxTFBtVFBRa050eFlEa1JKdWtieEtZWjcxVmVQVjhiaGhTUm9DLWdoNzR0ZVBVU1k3dUFPTlpmRDRFMmNUTnNDMWxJRVJmSDk1eVpZRVZWdlNCQXdXd2ZrUHlVTTEydlJ6QnR1d25ici1fOGFIRUhHVWE3MUtPOTNvTWs3bVdUY1NNVmxlQzZSUm84bFQ1cWc4eTN5eXc?oc=5) · wavy.com
- 2021-11-16 [A Look at What Members, Mgmt. Get in Mergers - cutoday.info](https://news.google.com/rss/articles/CBMihwFBVV95cUxOdnFVb19VYzc1ZE1SVU5peGJYTWZNVlRjZEV2QmE2bTAzeFhyTklMb3VwZVJic2k2SFV0bnVCOEdSOW0wSHR4MHN0OTNCcml6VTlXQXNqWGpYd29rZDdPemxFUjYybjVxRm9MN3VnZlp0T1lheTJxR3AyUDJtUkMzcXU0eUFsR1E?oc=5) · cutoday.info
- 2025-06-06 [James Patrick "Jim" Herron Obituary (2025) - Chesapeake, VA - Cremation Society of Virginia Virginia Beach Office - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxNT056WXBqZmxUa3p1NjhvVmlINEhZN0R0VEM3cDF0UjFlRFRvOTAyUHQyMnVxQm1hYXk2M3V4bmdkWGswQ1VtN3ltOF9sellRa1lFaTJuQjB5Nm1OLWFYSkdOWnJ5TWxISnFta1BOZWtHZ2pXTEgyOHhWX0VQQWtQeA?oc=5) · legacy.com
- 2014-04-11 [Susan Borkoski Obituary (2014) - Virginia Beach, VA - Asbury Park Press - legacy.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQaVZJOHhlZV91X0stWXI5ME9lY0QxTDA4eDl6djVqa1Nmc1BzRUV2c0JFMEVIS1JPVHBCbWRHd0ZKM0RNV2x1YThwWTVJYjV6c3VYUS05c2Fma09DNFc0VTZ3bnc2Wjg4OEM4VU85VkhBOFZrdXdfbGplY0gwS29MR0xfb2E2V2Uy?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13772 (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/12.json (key "13772", 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=13772
- 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