# SPECIAL METALS
NEW HARTFORD, NY · NCUA charter 14522 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/special-metals-14522

Who the members are: federal charter, multiple common bond, organized 1961. 1,767 members of 3,000 potential (58.9% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 61.

**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 | $23.6M |
| Members | 1,767 (-7.7% YoY) |
| Full-time staff | 5 |
| Net worth | $2.6M |
| Net worth ratio | 10.8% (p22 of band) |
| ROA (annualized) | -1.43% (p8 of band) |
| Total delinquency | 1.11% (p64 of band) |
| Net charge-offs (annualized) | 3.37% (p96 of band) |
| Loans / shares | 54% (p46 of band) |
| Cash / assets | 48.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.20% (p24 of band) |
| Operating expense / assets | 3.21% (p38 of band) |
| Vehicles % of loans | 63% (p51 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.49% (p73 of band) |
| Vehicle NCO | 5.07% (p97 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 17% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 81% |
| Certificates % of member funds | 19% |
| Average share balance | $6,584 |
| Participations bought / yr | $1.3M |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 61% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $10,645 |
| Loans granted, annualized | $1.8M |

## Participation posture (from the same filings)

Bought $1.3M and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 9.3% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 0 |  | charge-offs p90 |
| 2016-09 | 1 | repo signal |  |
| 2016-12 | 2 | losing money |  |
| 2017-03 | 4 | net worth falling, delinquency 2x band, delinquency rising | losing money |
| 2017-06 | 2 |  | repo signal, delinquency rising |
| 2017-09 | 2 | delinquency rising | net worth falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 | assets shrinking | delinquency rising |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | losing money |  |
| 2019-03 | 1 |  | delinquency 2x band, losing money |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | net worth falling, auto monoline | assets shrinking |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | delinquency 2x band |  |
| 2020-09 | 3 | delinquency rising | net worth falling |
| 2020-12 | 4 | repo signal |  |
| 2021-03 | 9 | net worth falling, losing money, margin squeeze, charge-offs p90, loan book shrinking |  |
| 2021-06 | 6 |  | repo signal, net worth falling, charge-offs p90 |
| 2021-09 | 4 |  | losing money, loan book shrinking |
| 2021-12 | 3 |  | delinquency rising |
| 2022-03 | 3 | net worth falling | margin squeeze |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 5 | losing money, charge-offs p90, repo signal |  |
| 2023-06 | 2 |  | losing money, charge-offs p90, repo signal |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 1 |  | delinquency 2x band, net worth falling |
| 2024-09 | 2 | delinquency 2x band |  |
| 2024-12 | 4 | margin squeeze, members leaving |  |
| 2025-03 | 2 |  | margin squeeze, members leaving |
| 2025-06 | 4 | net worth falling, delinquency rising |  |
| 2025-09 | 5 | losing money, charge-offs p90 | delinquency rising |
| 2025-12 | 6 | loan book shrinking |  |
| 2026-03 | 7 | margin squeeze, members leaving | delinquency 2x band |

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

- 2025-11-27 [Children's Miracle Network Miracle Drawing 2025 Ticket Locations - wktv.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxOLVdDWUpQcmlzZnE4cktrYWZfSWczZ3lKd0ZXOFFqV25kNmhzMmJuMHpENWZvSERrT2l6emlZRkRxbWpPYllTc0xHbWtkTFRNd1VnSjJQWlFScFgyODVpSGVpYXNpX0VxbUJ4N1FQMFZ5VGtFVktvdFFvamlOOWNFWGZ1Vm1vTFdCNTFqVm9RWUxrUExHMWdwSzBHcDVCbkd0c1JkX1dYS2dYYWM2eTJ0RHVmYVB1N0dHS1JPajJpdXk5Unl3TFpmaU5hY1ktNDg?oc=5) · wktv.com
- 2026-07-25 [$100,000 Miracle Drawing to host special ticket sale - Rome Sentinel](https://news.google.com/rss/articles/CBMiggJBVV95cUxPRE9TN0NOYXRmbzVpbjhwOVE5dFE5bm1XTndjREhxQm5yUEFsdURDTlpDa3ZQeDh2XzZiLUFhLUVsMmxLMzd4MVJzR2xmbXNrLUkwMDd5a2xMQkxPVi10dk5hbmhiYmZORmFKaUJuRllfa0N0X2JLZzJqRjYxNUhYOG9weGpnSkI3Z3RTRFU4UDNPM3pvR195Y0VaaGFsOEt2YkdDaExYMFFpNWRGdFFOX0FHT2M0cTJnZmNGaC1jMXdETDBfX2pHYmZQdFJEaXJtb3NfejdKVXZwX3ZBNjhmOXpaZUl5Rk45d2RNd3BOWHRQTzRYQXVMb3NxSGJjSlNSSUE?oc=5) · Rome Sentinel
- 2025-12-23 [Gary R. Miller Obituary (1946 - 2025) - Sauquoit, NY - WKTV - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxOV2NveXVDbWtzT2tCclRMYllfQTJJZTE2QXcwbGxqZHNyQXJLcFdNMmFiWDZ3eENrcVRGQUdXYVNNWV9xUy1XczRTdmtWTWVWanRjMjZNUVZnN2FkbFB6Sy1Pc1huMC1mbDJtb2sxc2NjeWNfblJuQTUyb3NGT2Rab1h0RXFqQQ?oc=5) · legacy.com
- 2025-12-04 [Dunkirk ready for Christmas on Central event - - Observer Today](https://news.google.com/rss/articles/CBMiogFBVV95cUxPcEwtOTZQYnI1Z1hwd013UmhhZzJ5a3pyX1FMR1BTOGNUX3A4b0ZBVWZvampvY3VaeUpiTm9qclRaYlFXb2JSUC1zLWdiTDFmdjdQdWt5YWVNLVR2X0dsOTctWklmSTNXd0YwcTZWOWU1VW1xbVlvVmtvSHNxVUxCLW00VHQwNlYtbndISHhMdVZrTW00R3VCYzcxRzZZSXhsTlE?oc=5) · Observer Today
- 2014-01-19 [Withdrawal of banks from region 'nothing to panic over' - Utica Observer Dispatch](https://news.google.com/rss/articles/CBMioAFBVV95cUxNYV91NVpQWTBnTUhxY1dzSUhERmJsbDlBcG5YRHVFYzd0ZXNxS3pNSHNUYjh3N0ZjX0ZkX1hkenRNV0FwbUNZcDFTeU9TQXh4X0loYWVaZmRYOGpJVzNQbVhxMkllQk1QX3VXUDdZZEE3Y3ExM1JLX1NmUWRlZkxaM1ROS2NFTTQ4VkQzUW81NE5tZ1RGc2hQb2R6SU9yUERh?oc=5) · Utica Observer Dispatch
- 2026-09-03 [$100,000 Miracle Drawing to host ticket sale event - Rome Sentinel](https://news.google.com/rss/articles/CBMi_wFBVV95cUxQblBIbi1NYzRVaTFUVGFNWnRTbWVON1pjWFhsTW9yYkxPc1ZjRTNFLThZTldpamFLWW8ydDg1QW1RQVFYRGtEQUtjeVFsa0R5cmVaZjR3cmJEclk1TEhLX3JDRkJfQkd0VlB4VEo4emVndUY1REpjdDd5RzlSa0ZtUjhtV29GTU1ieGphQ3BuVTFKVy1QSWhXbHhVdXp4NERkdVJyTGNJMHRlcHQ5OEJ6WTdsWGZkYm5fQV84ZjdnWVc5cFpORDA3bkg0dTJDcGk3RHVxdENFMU1DbHVENVJQMkszSGJNd1hVaW85LVYyb0ozaEhmQzNRMWEwYzVodHM?oc=5) · Rome Sentinel
- 2023-09-14 [Final Ticket Countdown for Children’s Miracle Network Hospitals’ $100,000 Miracle Drawing, Drawing October 4 - wktv.com](https://news.google.com/rss/articles/CBMikwJBVV95cUxOZlJhT0lRcFBJcl91X0Z2QklYQmhvUl9JaVZ6Wi1NZktrTllCYjR3WGJsNDFQamE2SmRDSHNHZV9JMlM4N041WG9uUHhYb1BPU3NjRWlXdFRORzV2UkdnMllJcGlQNnIzZWdXQVFxQ3hhWElZWFh1TWoxMk5PNzBoNmdTRnZTZktDS3NzdHd1QXpXaW5yUlI3V2MtS21ORFI3U1ltbFhQRTdUT3RlZ3FJUEwtNW5abHREMXR3eFAxc2pQbmlJS0xZREVRcUQtdVVyOGZybmMxb3djWl9CZGc4ekZSendTeE9PY0EtYXFkZzdLY0FlbWZrdDZsUDdjQWhNZHN4VTM1SUdmM1h5OUw5RmsyWQ?oc=5) · wktv.com
- 2025-09-23 [Holland Farms to host Miracle Drawing ticket sale - Rome Sentinel](https://news.google.com/rss/articles/CBMi_wFBVV95cUxQLWJwNC1OMEg3X3FoQmhzWHdpM09fbzM0UmtDOGl6VGpSSWtrLTB0cHRSUHFlaWpDN3NfbmxrX19pQWNoSlpSbUVRd1BMSkliSWZQWlZzcHc3ZGh3REViZHVPTEdna1ZEUnZ2aUxyeXE0WGNjdTctUVA2RC1HOWRoT1MzWDNNcnhJZncxc05PbWZVUktWNzh3QjZ6NXVSTFZpQm94dlVvNC1TVTVFY3JZcHZvWE1rUllUS2JHUUJVZTRjSWtkN3RSUzY2bUxISjlzUmFpV2RZQlFXS2dlakY2WnNFRXRnVUg5cFgzRGdxR2NpYUdtZ0lvXzc5UklDcEE?oc=5) · Rome Sentinel

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14522 (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/58.json (key "14522", 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=14522
- 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