# RIEGEL
Milford, NJ · NCUA charter 13944 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/riegel-13944

Who the members are: federal charter, community charter, organized 1960. 8,137 members of 210,000 potential (3.9% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 110.

**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 | $169.2M |
| Members | 8,137 (-2.0% YoY) |
| Full-time staff | 26 |
| Net worth | $17.2M |
| Net worth ratio | 10.2% (p28 of band) |
| ROA (annualized) | 0.33% (p27 of band) |
| Total delinquency | 1.51% (p87 of band) |
| Net charge-offs (annualized) | 0.43% (p60 of band) |
| Loans / shares | 30% (p3 of band) |
| Cash / assets | 32.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.00% (p14 of band) |
| Operating expense / assets | 2.89% (p24 of band) |
| Vehicles % of loans | 23% (p24 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p16 of band) |
| Vehicle delinquency | 1.39% (p82 of band) |
| Vehicle NCO | 0.35% (p41 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 82% |
| Certificates % of member funds | 14% |
| Average share balance | $10,810 |
| Participations bought / yr | $2.2M |
| Participations sold / yr | $85,696 |
| Participations outstanding | $8.2M |
| Loans outstanding per 100 members | 110% |
| Loans granted per 100 members, annualized | 20% |
| Average loan balance | $5,077 |
| Loans granted, annualized | $12.8M |

## Participation posture (from the same filings)

Bought $2.2M and sold $85,696 in the latest annualized quarter; $8.2M outstanding purchased (47.6% of net worth), $65,487 sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 2.5% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | delinquency rising |  |
| 2018-03 | 0 |  | delinquency rising |
| 2018-06 | 1 | delinquency rising |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | delinquency rising |
| 2019-03 | 2 | net worth falling, delinquency rising |  |
| 2019-06 | 0 |  | net worth falling, delinquency rising |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 0 |  | net worth falling |
| 2020-12 | 1 | delinquency rising |  |
| 2021-03 | 1 | net worth falling | delinquency rising |
| 2021-06 | 3 | delinquency 2x band, delinquency rising |  |
| 2021-09 | 4 | charge-offs p90 |  |
| 2021-12 | 5 | loan book shrinking |  |
| 2022-03 | 5 | margin squeeze | net worth falling |
| 2022-06 | 5 |  |  |
| 2022-09 | 3 |  | loan book shrinking, margin squeeze |
| 2022-12 | 2 |  | delinquency rising |
| 2023-03 | 2 |  |  |
| 2023-06 | 1 |  | charge-offs p90 |
| 2023-09 | 2 | charge-offs p90 |  |
| 2023-12 | 1 |  | delinquency 2x band |
| 2024-03 | 3 | net worth falling, delinquency 2x band |  |
| 2024-06 | 3 | losing money | net worth falling |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 | delinquency rising | charge-offs p90, losing money |
| 2025-03 | 0 |  | delinquency 2x band, delinquency rising |
| 2025-06 | 1 | delinquency 2x band |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 3 | net worth falling, delinquency rising |  |

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

- 2017-06-20 [Norma Cowell Obituary (2017) - Milford, NJ - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxQY0JtR2xfX0x2MzlodzdzUEY0U2VGMklxYlltZDBCNDRJd0Q5eVhIT3VuUlkxenVXTTJXMm9Lb3hkaDE0dG1MdjBmV2MxeGhyZDlYTGNIY2trcDRFMjV5c0pOTmYzWll3VEIxYkJEcmk5YksyQWNldjJ3WlFvMUJoMzRDa2RZUmhabHhqV1Y4U0dDLUgwMHg4?oc=5) · Lehighvalleylive.com
- 2016-08-13 [List of banks that support Apple Pay in the United States - 9to5Mac](https://news.google.com/rss/articles/CBMie0FVX3lxTE15UkVmX3k3aURqZXBKcFZCVTJuMEEzWTlLUEpQRDdTR25DQ2lPVXZGeEYycEVZcXl5RThsdlg3aUV6WHZFdWIzWDBUR2ZsT2FUcG1JWU5mbzJ3bVRUT0NjaEFFQXJaV0o1RklzdW03bzN2MXJoV3B1aFhEWQ?oc=5) · 9to5Mac
- 2017-07-12 [The Daily Rundown, Wednesday, July 12 - Central New Jersey News](https://news.google.com/rss/articles/CBMitAFBVV95cUxNNnZWU2haa3FJanJsMnI3NWRDQ012RXNTU0p3WFowbjRCM1hyOTZKSnYyYlA3M29uWkFheEd3VUxEbXNHY3Fqa3ZYaWwxX0l5czVMSVkxbHQ3UWJ3M09lZnRTNFZuY3U0SHVqb1FGTFRJX2M4Z2I2elVxZjF0YVdDRVM5V0Y2b2VyU0tjN0I4cFludlJ6QmYzeXhRZ0VreXhldGxrZ1VkZzRScmpZMVVmLUtqa1g?oc=5) · Central New Jersey News
- 2004-12-23 [Virginia Bonham Obituary (2004) - Easton, PA - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxPRFJMN0lqam02OEgtTU01Wjg4ZU8tRTlSUEUwZ2ZXSXFvNDVNSlFpdEhraVNrWklNNXdlcTN4UC04TXVkVXI4ZnJ2d1VxenBVQnBCbXVzSXRRb2tVbU9iZFU2N0ZzQUVrLXZKNDgzS0o2T05WM1FYcm45QU1Vc2pqS3I2YXVPSkx4bkhwaEl0ZmJVdGw2aF9uN0RkUQ?oc=5) · Lehighvalleylive.com
- 2005-03-05 [Keith Fisher Obituary (2005) - Allentown, PA - Morning Call - legacy.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNZ3NJeVZJZ1pCZDhJMVdQNUo0bEdUbzVsakN3TUpjYlBCR0IxZV9USGplSlNvcDRfNTRHMGFBQlU3eDAzbGtYYVpOMzVMenRMRlU4TXJvT0ptMEcwU1RBYnB2S2Zaajd1SkRwQzhyb1R1b1lpaG1sQi1sZ1NzUTRSdWpRZlR1VTRk?oc=5) · legacy.com
- 2005-03-05 [Keith Fisher Obituary (2005) - Easton, PA - Lehighvalleylive.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxQR2xGYUNBZWlHUUF5bXJIeHpDME1pa04zVlRmRmZWemdFemxGYXNTOXJKU1NEZkN3dTVuSjV3bG85N0tJbnFGZllsMmd1elFVeDF5TEV0VGwzbmNlZ3BoZWxkR0FBMGxhNmVTd2JZZjk3eExoRWhFXzhjYXQ4YTB0LVVlWlc5b2xUcWdPZU1aVFJSRkpDcWFv?oc=5) · Lehighvalleylive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13944 (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/56.json (key "13944", 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=13944
- 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