# DEMOCRACY
Alexandria, VA · NCUA charter 1407 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/democracy-1407

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated, minority depository institution. 11,818 members of 1,006,424 potential (1.2% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 76.

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

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $190.0M |
| Members | 11,818 (-4.8% YoY) |
| Full-time staff | 34 |
| Net worth | $12.7M |
| Net worth ratio | 6.7% (p1 of band) |
| ROA (annualized) | -0.57% (p4 of band) |
| Total delinquency | 0.80% (p63 of band) |
| Net charge-offs (annualized) | 1.29% (p93 of band) |
| Loans / shares | 70% (p50 of band) |
| Cash / assets | 24.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.11% (p19 of band) |
| Operating expense / assets | 4.64% (p80 of band) |
| Vehicles % of loans | 13% (p10 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 6% |
| Third-party paper % of net worth | 24% (p47 of band) |
| Vehicle delinquency | 0.48% (p45 of band) |
| Vehicle NCO | 2.00% (p91 of band) |
| Repossessed % of vehicle book | 0.37% (p93 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 21% |
| Commercial % of net worth | 97% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 18% |
| Average share balance | $7,671 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $17.1M |
| Loans outstanding per 100 members | 76% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $13,582 |
| Loans granted, annualized | $11.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $17.1M outstanding purchased (134.6% of net worth), $285,035 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 7.3% 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`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | delinquency 2x band |
| 2016-12 | 0 |  | charge-offs p90 |
| 2017-03 | 2 | delinquency 2x band, members leaving |  |
| 2017-06 | 1 |  | delinquency 2x band |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 3 | expense trap, delinquency 2x band, assets shrinking | members leaving |
| 2018-06 | 1 |  | delinquency 2x band, assets shrinking |
| 2018-09 | 1 |  |  |
| 2018-12 | 3 | assets shrinking, members leaving |  |
| 2019-03 | 1 |  | expense trap, assets shrinking |
| 2019-06 | 1 | net worth falling | members leaving |
| 2019-09 | 1 | expense trap | net worth falling |
| 2019-12 | 0 |  | expense trap |
| 2020-03 | 2 | net worth falling, margin squeeze |  |
| 2020-06 | 4 | losing money, expense trap |  |
| 2020-09 | 6 | repo signal, members leaving |  |
| 2020-12 | 5 |  | repo signal |
| 2021-03 | 4 |  | losing money |
| 2021-06 | 4 | thin capital | margin squeeze |
| 2021-09 | 3 |  | net worth falling |
| 2021-12 | 2 |  | thin capital |
| 2022-03 | 3 | delinquency rising |  |
| 2022-06 | 2 |  | delinquency rising |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | assets shrinking |  |
| 2023-03 | 4 | charge-offs p90, repo signal | assets shrinking |
| 2023-06 | 5 | net worth falling, losing money, delinquency rising | members leaving, repo signal |
| 2023-09 | 5 |  |  |
| 2023-12 | 6 | thin capital |  |
| 2024-03 | 5 | delinquency 2x band | expense trap, losing money |
| 2024-06 | 4 | expense trap | delinquency rising, delinquency 2x band |
| 2024-09 | 6 | losing money, delinquency 2x band, delinquency rising | net worth falling |
| 2024-12 | 5 | assets shrinking | delinquency 2x band, delinquency rising |
| 2025-03 | 6 | net worth falling |  |
| 2025-06 | 4 |  | losing money, net worth falling |
| 2025-09 | 3 | members leaving | expense trap, assets shrinking |
| 2025-12 | 8 | capital below 7%, net worth falling, losing money, loan book shrinking |  |
| 2026-03 | 7 |  | loan book shrinking |

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

- 2026-06-09 [Democracy Shines Bright: City Invites Public to Name Holiday Tree with Ranked-Choice Voting Poll - Charlottesville.gov](https://news.google.com/rss/articles/CBMia0FVX3lxTE1kbDI2Ri1IREx5ZUVWOUhJVW5CN2E5U0NULXNMSGhOLXh3NnkySUVYWk5YcHpTRjBuaTdXUXNtZzc0OG1iY1R1RGdQWHBfeFZjbFpHSmRtcnlpVHFaQTBWLXlsWk1UOUxjSnFj?oc=5) · Charlottesville.gov
- 2022-03-17 [Now open! Democracy Federal Credit Union’s C Street Branch in D.C. - CUInsight](https://news.google.com/rss/articles/CBMipwFBVV95cUxPYTlwWVRqbmFIY2RsTk85QzBfcHlsekNpbi1TUHF4NmpBejNQX1dIakpqRzZIM1hJQ2FVdS1sZnlzUlVvT2pHVzNsX01WRTRhcmZpTjd3LWFfaVdjckpZNmJEeGtxRTlSclZzODB6Y2w1NnJ0NEVWYWsyYzN2am9MTWJnMUc3UzhPeXppLXZuRHZGc0RfSmRKQmlhSXRUWkYyQW54WDFURQ?oc=5) · CUInsight
- 2020-05-01 [Democracy Federal Credit Union Gives Back to the Community - The Washington Informer](https://news.google.com/rss/articles/CBMimgFBVV95cUxOZlowS2dOOTRidEdlYk5rcE9EdUNhWW5KVS1FZXBEUTQ3UFBDVFpvTndIZkNfMjFJMnlmTWFnMG1OOFRPdHptWE1ubkYwaHFEVlBSYk54X1VRSVlscWxLOGd5bDFkLTFZNkJMc1hPR0hWLUpqMVkwSGlKd0NBSUVIR204UUkwZTNHM3JlcHpsZ05PVGZZcXFWLXd3?oc=5) · The Washington Informer
- 2019-05-09 [Democracy Federal: This Alexandria-based Credit Union Doubled its Footprint In Four Years - thezebra.org](https://news.google.com/rss/articles/CBMivgFBVV95cUxOLUZaZzVCUlNlSkpOU0hJVVNGbjJqell6SGhhRFdOcHFTYnN4ZEl5cHFrcUpTM2tOOE16UWVXams1WmxVMThDemE0Nmh0dlIxcGtVUkRoU3RIbnZ0RTliVWZNVHJWVEtyMlNkNDJhTktmeS1kZklpN1g0b0FzUGl2UW1Xek5fRGxQczRNQTRoZy1ZTUM3TnVVN2VMZmtDcjNSRy1rVUc5T1V0S2oyTzJrZG1Nb0xVVTVfU19RNFJB?oc=5) · thezebra.org
- 2024-12-31 [36 Black-Owned Banks and Credit Unions, Sorted by State - businessinsider.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQR2dKWjVxQ3RoR1BRQi0xZG5sYWowMmFaaF9xWUxVTkZiYlMtTGlTcGgtcGxCZldrMHd2VEQzOWFDNjFUMFVtM1lkNHFEc1gzYU1zMWdVTm1NNk1UWlpESUdBalRXZ3ZMSlNkX0x0ZHB4cVcybF9TN1R0b1NxZVh4TEhReEJ1SVg2dU5TY0tpTnhIdw?oc=5) · businessinsider.com
- 2025-06-18 [Credit Union Should Prioritize Workers - Connection Newspapers](https://news.google.com/rss/articles/CBMimAFBVV95cUxPQWNLOHh5VW01TFJ5OEttUGs3cFNhdHpsUXNYZk1oM3dZRU52eDhQQ1ZSaG5meXMzcHlTTmVqZ2xsdG52QjE0N3NVVEdvaEFFS2JBM2VwbW1NSENSS3k1WjFQRW5sTnBYZFJsSG90OWRvRlhQX3MwY0xuV1V1b1prRkRBUTFEa2h4azJPVDNzVHZiVlBCOU96Rw?oc=5) · Connection Newspapers
- 2019-01-09 [Democracy Federal Credit Union Welcomes New President/CEO, Ken Cahoon - thezebra.org](https://news.google.com/rss/articles/CBMiowFBVV95cUxPX2hubXNjNllESVV1YTN5a0QweVRZUlpubXpMYnB4M21UMnpLUFQtZU5FYWJkRG1GaGp5ZVZJYUplNzRiTE9pRWNUdFU2YVF0eGlHMEFSR0VXdWRyMERkWk4waWktS2phN3UwTjRNUU45OEJwTnAyRTF1QjJlUm55djZpX2FCWUNDWW1jUzJxbXNhaC1TNVdZS2NNODd5c1B6VC1N?oc=5) · thezebra.org
- 2019-01-25 [Credit unions, banks offer shutdown assistance to federal workers - wtop.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOUmdNeEFaVmpucHhDZ1RoTmVEZ0lvYi1OUXFkWFZZUFY0Y21uU3gwYy11aGdxVVhVRkdQUzBNWW5YWnpTU0FYTi0tTFBnT1hxbkNiVHlpbG1BaHZ1UC05S0Q2eG85LWxHTWxReGhBczlDdTVieWI0ZEl1UXJLMGFlM01QVWhnYjZsSjRWX1FhMVkzR0dKQXBfN0tLOHNVQU90dVB1QjFDY1g?oc=5) · wtop.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1407 (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/63.json (key "1407", 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=1407
- 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