# DEL-ONE
Dover, DE · NCUA charter 13919 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/del-one-13919

Who the members are: federal charter, multiple common bond, organized 1960, low-income designated. 92,957 members of 989,948 potential (9.4% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 44.

**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 | $984.4M |
| Members | 92,957 (5.6% YoY) |
| Full-time staff | 202 |
| Net worth | $105.2M |
| Net worth ratio | 10.7% (p55 of band) |
| ROA (annualized) | 0.87% (p64 of band) |
| Total delinquency | 0.49% (p39 of band) |
| Net charge-offs (annualized) | 1.52% (p96 of band) |
| Loans / shares | 81% (p50 of band) |
| Cash / assets | 9.8% |
| Borrowings / assets | 3.00% |
| Net interest margin | 3.90% (p81 of band) |
| Operating expense / assets | 4.63% (p90 of band) |
| Vehicles % of loans | 37% (p68 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 75% |
| Third-party paper % of net worth | 184% (p71 of band) |
| Vehicle delinquency | 0.28% (p21 of band) |
| Vehicle NCO | 3.36% (p98 of band) |
| Repossessed % of vehicle book | 0.05% (p52 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 72% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 19% |
| Average share balance | $4,174 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $36.7M |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $16,918 |
| Loans granted, annualized | $216.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $36.7M outstanding purchased (34.9% of net worth), $5.0M sold and retained. Sold in 5 and bought in 0 of the last 8 quarters. Shares 42.0% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **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 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | loans>95% of shares |  |
| 2016-12 | 4 | net worth falling, charge-offs p90 | delinquency 2x band |
| 2017-03 | 2 |  | loans>95% of shares, charge-offs p90 |
| 2017-06 | 2 | loans>95% of shares | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | expense trap |  |
| 2018-03 | 2 |  | loans>95% of shares |
| 2018-06 | 3 | loans>95% of shares |  |
| 2018-09 | 2 |  | loans>95% of shares |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 | net worth falling | expense trap |
| 2019-06 | 2 | expense trap | net worth falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | loans>95% of shares |  |
| 2020-03 | 4 | losing money, charge-offs p90 | loans>95% of shares |
| 2020-06 | 5 | thin capital, net worth falling, margin squeeze | losing money, charge-offs p90 |
| 2020-09 | 4 |  | net worth falling |
| 2020-12 | 4 |  |  |
| 2021-03 | 7 | net worth falling, charge-offs p90, loan book shrinking |  |
| 2021-06 | 7 | delinquency 2x band, members leaving | net worth falling, charge-offs p90 |
| 2021-09 | 5 |  | delinquency 2x band, members leaving |
| 2021-12 | 4 |  | loan book shrinking |
| 2022-03 | 3 | net worth falling | expense trap, margin squeeze |
| 2022-06 | 3 | expense trap | net worth falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 | assets shrinking | thin capital |
| 2023-06 | 3 |  |  |
| 2023-09 | 2 |  | assets shrinking |
| 2023-12 | 5 | thin capital, net worth falling, leaning on borrowings |  |
| 2024-03 | 6 | delinquency rising |  |
| 2024-06 | 5 |  | delinquency rising |
| 2024-09 | 5 | loans>95% of shares | net worth falling |
| 2024-12 | 5 |  |  |
| 2025-03 | 6 | net worth falling |  |
| 2025-06 | 7 | delinquency rising |  |
| 2025-09 | 7 |  |  |
| 2025-12 | 3 |  | thin capital, leaning on borrowings, loans>95% of shares, net worth falling |
| 2026-03 | 3 | charge-offs p90 | delinquency rising |

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

- 2026-09-01 [Del-One uses AI to nearly double lending capacity without adding staff - Delaware LIVE News](https://news.google.com/rss/articles/CBMinAFBVV95cUxQNWM4MzZYYjRqSVExODdqdXYwdzVqdFFIdXRWUHJ1Z3ZEWm5FWnFYYmh3SlVlZVhPbV93VmRKd1F3Z1hJdDVTMzZsOF9OR3pUVlFRSjZ1eUd2LVdnX1VnSUJZTHJhcG1fLVA0SDhWOHlSWUpNQWhSQlQ2VTExZG5Nb3RKQmlPQ0p4aFB2SFBsZTNIOEluV1diSm9sWGg?oc=5) · Delaware LIVE News
- 2026-06-02 [Del-One FCU marketing team brings home award - CUInsight](https://news.google.com/rss/articles/CBMijgFBVV95cUxQbXZ0eWNjTEMzZDg0WDBnMUsyWmNzUG5YQUh3UWVGWl9pX3B1NDlpaVpleEhlLTJRS291cDEtX3hpSHNZT0phYmFaVF9FWXlfRTVGWEd1bkZLcTNjYWJoTHlKRWYxbV9NdlM1OG5aNk90RGlWazNJTTd0Z2tORHhPZjRzcy05SXg2MC1jYXpB?oc=5) · CUInsight
- 2025-10-08 [Del-One FCU finalizes Louviers acquisition - Delaware Business Times](https://news.google.com/rss/articles/CBMifEFVX3lxTE5GM0I1OUhBdHB5Q2IxMnRCT3ZmWUZaSnRacldiT2pKdjc5R0I0cU9PYS14a0lMbGY4OWVqMWhhd1c3RGRQWVpQYlJraElFZzJLUGtUQV81bWhnZ19EZ2M4NkpGMVU4c0RPOE9NcmVqQTdQQXdKU3Y1MXVYREc?oc=5) · Delaware Business Times
- 2026-07-28 [What Happens When a Credit Union Outgrows Its Accounting System - PaymentsJournal](https://news.google.com/rss/articles/CBMinAFBVV95cUxQNTZUMW05bm80N1dkWlVvcmxsVUNHZ0EtRXR4c3R0YktoOVF6a1E4VlFTVHdRR3RmbFNSUEoweVJwN0pPbEJQTGpmLThnakh4TTVMNHIzbzNtQ1hTRmVfQW5HQ0lMcHQ0ZERBUW1fMENMdl9YWlJHbUZjZVFVbGtSNGZUbFhEU2lDbHR4UGJ0aC12dkFUblpkdzdTTWw?oc=5) · PaymentsJournal
- 2025-12-22 [Del-One Credit Union and Louviers Federal Credit Union Unite, Signaling a New Era for Community Banking in Delaware - Delaware LIVE News](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQbW9MQloxekwyd1ZPcGlxTW9SamNIemZ3ekZoMHlhRjdGV2ZzSndYZkFHaHo3LV9yd1psckU5Q3hlYjk0ZC16bFBqTFZDNGFKcTA4VWF6RmRCUTZqclpiVERBVndSajBSZG1XMmYzVjRHZmlBMEYyQ0xmWV9TNjhDYThpaDR4Z0txQlFhX2Z6bUJMZE1GMThyLVpuM0RGR0xneTdMdFFuNWJnVWdSZWFqUjB5eUU2cnNSWTFtWk9tYVdJUzFWaHdFRUVKLWdCQmtudlRlV0FYTQ?oc=5) · Delaware LIVE News
- 2026-01-16 [UPDATE: Milford PD Connect Suspect with More Burglaries - WMDT](https://news.google.com/rss/articles/CBMikgFBVV95cUxOZFViY1JmYlpwRVJrbTV4WHdNYVZsbU1VZmJfbWNYdjhWVXFKNEV6RmxvOVM1ZHBacUdqNXFJYzB6cXpBSUs0OHBXbXBkN0tseXltNXBjMHdmWnBDZnFZNHF0ZDJqVWJsVEdFdHZjaTMwNDVBRnd3WElXQ1RnWFZNZk5CRHNVOVlsaFBseEljZ3ZTQQ?oc=5) · WMDT
- 2024-11-10 [Del-One Federal Credit Union opens Lewes branch - Cape Gazette](https://news.google.com/rss/articles/CBMilAFBVV95cUxQcUQ0RlF6ZWF5eW02emxqVlUzV0VGWWNCMnU2bDRLOWNOb0FvbXI1eU1EM20wZ21NWGkzdmhfN2VnV1V4UV85NXI4X2k4U2MyNlgxeGl6S2RrVHNyVjRZdnBjd1NBeTJxUGczd08tajFiOEFmVmQ1VlFqemVfZEcyMkIyNHp5SV9ER0g3djZ2VlEzalNw?oc=5) · Cape Gazette
- 2025-04-08 [Del-One Federal Credit Union named top workplace - Delaware Business Times](https://news.google.com/rss/articles/CBMif0FVX3lxTFBoTXl5Q190WnUySnNUcWk0cmk3TzRCRHhZTExRdWZEZWx6OG9yQndScjFpM00yWmlUTzFwVXRSSmRibVc4TUwwRHB5MzZMcnRFOVZiYjBzNFQ1b2dwc1AyZFV4dE1vTU9MbC1WVE1CSERZZUk5Y2xuOV92dE1MX3PSAYcBQVVfeXFMTVBNZF9VY283eUxRaVZlTWVjQW12dXI0NmJsMVRLTWdGMVpfTWVTSTZIemZSQmhsZmphT0VmeXpfVzhnOEJRVm04ODZuQXE5cy1CdWtJM2txRTkwaXR5NjJrRVd2em5pdjBCM2l4UkloWWxYMmsybXlVMVJpWXVBRzV6RDBHNV9j?oc=5) · Delaware Business Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13919 (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/31.json (key "13919", 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=13919
- 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