# FIAFE
Baltimore, MD · NCUA charter 14381 · asset band <$50M · 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/fiafe-14381

Who the members are: federal charter, government (single sponsor), organized 1961. 382 members of 382 potential (100.0% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 40.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.8M |
| Members | 382 (-6.8% YoY) |
| Full-time staff | 0 |
| Net worth | $2.1M |
| Net worth ratio | 36.9% (p98 of band) |
| ROA (annualized) | 0.30% (p50 of band) |
| Total delinquency | 11.40% (p98 of band) |
| Net charge-offs (annualized) | 0.14% (p62 of band) |
| Loans / shares | 30% (p20 of band) |
| Cash / assets | 9.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.24% (p41 of band) |
| Operating expense / assets | 1.70% (p13 of band) |
| Vehicles % of loans | 59% (p48 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p46 of band) |
| Vehicle delinquency | 15.90% (p99 of band) |
| Vehicle NCO | 0.00% (p30 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 36% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $9,578 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 40% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $7,271 |
| Loans granted, annualized | $494,423 |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

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

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

- 2023-03-01 [Securityplus Federal Credit Union expands with acquisition of Baltimore credit union - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOb3c5Tk5CM0lfR2hsM3l4RVdTZ1VKOHJhSm1kRW5iS0xaZjg1YVRyYzdLWTl5bmFXS2V6aE1sVjVTbjJjOEFGNUJyUzV1Z05ybmpUSFRlaTI4dFFzQmVxaWZCUlNJaVN5bkJnMUljblBySDNVRHlJQ3YyRmhsSE1oOHBnNWF3OHRtUm5GWW9sSWpxWVJGeTRXSWV1d3FaSkktNWVvMzNYTTExVlE?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14381 (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/45.json (key "14381", 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=14381
- 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