# INDIANAPOLIS' NEWSPAPER
Indianapolis, IN · NCUA charter 14735 · asset band <$50M · latest filing 2021-03 · stopped filing after 2021-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/indianapolis-newspaper-14735

Who the members are: federal charter, multiple common bond, organized 1961. 1,143 members of 7,587 potential (15.1% of the field); checking penetration 26% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *too clean*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $6.3M |
| Members | 1,143 (-3.6% YoY) |
| Full-time staff | 1 |
| Net worth | $-510,971 |
| Net worth ratio | -8.1% (p0 of band) |
| ROA (annualized) | -16.28% (p0 of band) |
| Total delinquency | 0.00% (p10 of band) |
| Net charge-offs (annualized) | 0.00% (p46 of band) |
| Loans / shares | 65% (p76 of band) |
| Cash / assets | 30.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.44% (p49 of band) |
| Operating expense / assets | 11.10% (p99 of band) |
| Vehicles % of loans | 60% (p51 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 0.00% (p20 of band) |
| Vehicle NCO | 0.00% (p38 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 34% |
| Commercial % of net worth | – |
| Core shares % of member funds | 67% |
| Certificates % of member funds | 33% |
| Average share balance | $3,705 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | $8,682 |
| Loans granted, annualized | $0 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **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 | 3 | delinquency 2x band, loans>95% of shares, auto monoline |  |
| 2016-06 | 2 |  | auto monoline |
| 2016-09 | 3 | losing money, auto monoline | delinquency 2x band |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 3 | members leaving | loans>95% of shares, losing money |
| 2017-06 | 4 | losing money, loans>95% of shares | auto monoline |
| 2017-09 | 4 | delinquency 2x band, delinquency rising | net worth falling, loans>95% of shares |
| 2017-12 | 4 |  |  |
| 2018-03 | 3 | net worth falling | members leaving, losing money |
| 2018-06 | 6 | losing money, expense trap, loans>95% of shares |  |
| 2018-09 | 5 |  | expense trap |
| 2018-12 | 7 | expense trap, assets shrinking |  |
| 2019-03 | 4 |  | net worth falling, losing money, expense trap |
| 2019-06 | 3 | losing money | delinquency 2x band, delinquency rising |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 |  | assets shrinking |
| 2020-03 | 0 |  | loans>95% of shares, losing money |
| 2020-06 | 2 | net worth falling, delinquency rising |  |
| 2020-09 | 12 | thin capital, capital below 7%, losing money, expense trap, delinquency 2x band, charge-offs p90, assets shrinking, members leaving, loan book shrinking |  |
| 2020-12 | 12 | auto monoline | net worth falling |
| 2021-03 | 9 | margin squeeze | delinquency rising, delinquency 2x band, charge-offs p90, auto monoline |

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

- 2021-05-19 [NCUA Confirms CU Was Liquidated Due to Alleged Fraud, While Another Got Into Trouble Over Subprime Loans - cutoday.info](https://news.google.com/rss/articles/CBMi3gFBVV95cUxNZkNBanNabW1WTFFMUklfUGtNLW0yUHYzY3VOUGhJUmVqZmlzM1lyY1RGdWhnTDhDdWx3WHpaN1NIRHBlYkNLMm0yaHJRZW53NWhabzQyVjZIX2NmXzRDU2RZcndGTVo1cEdvc2xNZmhITHVfenUteHRtY25JSGpUdTBWSUIzdUpzMk1aRE43R0hqUFZPZGxGTUh0Tkd4eEt1M1VGbENaQU5MbzBieWNPV0RYeVJ5N0VjN0ktWjZPRUpLYnNhVXBLeTV5eUN5V3ZycDUzYXFvdkR1eVRTeEE?oc=5) · cutoday.info
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14735 (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/15.json (key "14735", 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=14735
- 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