# RICHMOND CITY EMPLOYEES
Richmond, IN · NCUA charter 14768 · asset band <$50M · latest filing 2023-03 · stopped filing after 2023-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/richmond-city-employees-14768

Who the members are: federal charter, multiple common bond, organized 1961, low-income designated. 788 members of 1,550 potential (50.8% of the field); checking penetration 39% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *stressed*. Composite score 12 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 | 788 (-9.7% YoY) |
| Full-time staff | 2 |
| Net worth | $-437,118 |
| Net worth ratio | -6.9% (p0 of band) |
| ROA (annualized) | -36.60% (p0 of band) |
| Total delinquency | 1.06% (p70 of band) |
| Net charge-offs (annualized) | 0.00% (p39 of band) |
| Loans / shares | 81% (p80 of band) |
| Cash / assets | 16.4% |
| Borrowings / assets | 3.95% |
| Net interest margin | 3.31% (p56 of band) |
| Operating expense / assets | 35.94% (p100 of band) |
| Vehicles % of loans | 70% (p66 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 1.31% (p78 of band) |
| Vehicle NCO | 0.00% (p37 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | – |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 0% |
| Average share balance | $5,576 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | $11,703 |
| Loans granted, annualized | $0 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **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 | auto monoline |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | losing money |  |
| 2017-06 | 2 | delinquency rising | losing money |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 | losing money | delinquency rising |
| 2018-03 | 2 | delinquency rising | auto monoline |
| 2018-06 | 0 |  | losing money, delinquency rising |
| 2018-09 | 1 | losing money |  |
| 2018-12 | 1 | members leaving | losing money |
| 2019-03 | 4 | delinquency rising, assets shrinking, auto monoline |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | assets shrinking |
| 2019-12 | 2 |  | members leaving |
| 2020-03 | 3 | delinquency 2x band |  |
| 2020-06 | 4 | net worth falling, margin squeeze | delinquency 2x band |
| 2020-09 | 4 |  |  |
| 2020-12 | 5 | thin capital, losing money | delinquency rising |
| 2021-03 | 2 |  | net worth falling, margin squeeze, losing money |
| 2021-06 | 3 | charge-offs p90 |  |
| 2021-09 | 2 | loans>95% of shares | thin capital, charge-offs p90 |
| 2021-12 | 6 | thin capital, delinquency 2x band, delinquency rising, leaning on borrowings |  |
| 2022-03 | 6 | net worth falling | leaning on borrowings |
| 2022-06 | 6 | charge-offs p90 | net worth falling |
| 2022-09 | 6 | capital below 7%, losing money | loans>95% of shares, delinquency 2x band, delinquency rising |
| 2022-12 | 13 | net worth falling, expense trap, delinquency 2x band, delinquency rising, assets shrinking, members leaving, loan book shrinking |  |
| 2023-03 | 12 | margin squeeze | charge-offs p90, delinquency rising |

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

- 2026-01-07 [Former CEO of Richmond City Employees Federal Credit Union sentenced 2 years in federal prison - Fox 59](https://news.google.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?oc=5) · Fox 59
- 2026-04-09 [Credit union to leave city building - Western Wayne News](https://news.google.com/rss/articles/CBMic0FVX3lxTFBKRWt1c2JGbXQzM3ZLQzVzUHo4aEJKZjZrbFgtbkx6RjBoSjlraU80eURoOHU1Q2FHVVBncWVpMTFKNTJYcFZ1clhpMmFKZXdBbzVrWTdxYUt0VEpldzdJb1dVam5vcElLdDhmOE9DVElySzQ?oc=5) · Western Wayne News
- 2026-03-31 [NCUA Bans Former Credit Union Employees Who Stole More Than $600,000 - CUTimes](https://news.google.com/rss/articles/CBMipAFBVV95cUxNN3E4Z1lwYjRJQzduNm1FSlpoMnVRYWVLMDhKbWNvTE9FbTdQQ05iMHV2SlVKTnVKLU4zdWJsdW84Zy13LVA5bzg3Z0JvZ2tyb0lnZUFVSFdBdnhRSkFFclpKT3VPbVNkU0w2VTFVeFl1ZERzLVFsdDlIb1hQVmpLUVZoV3ZtcUVaYnRIdVJqVmU4WmRnbXNkSGVHellibjYyekFPWA?oc=5) · CUTimes
- 2026-03-31 [Former Indiana credit union CEO banned by federal regulator - Inside INdiana Business](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNVDV5c3V3MlBLZWZaY3g5V1NGTWt6d2R0LVBrdDA4X1Q0bXdvZzZ2NmZROEdReml0NFZCUk5tbGlBNzJMRGJLRXR6UE9VTGJkaURKeVh2OTd4NUVSSjZTdDhqV1FnRGw1SzJoSWVZNGg0Znd1aHNsWHJEM1FBMVdFdHlkZzk3bmVMZkVFcVdfNldrS3hLb3I4NVRUVUJxVmpOY2dCcVc5RDhwUQ?oc=5) · Inside INdiana Business
- 2026-01-07 [Former credit union CEO in Indiana sentenced to federal prison for bank fraud, ordered to pay over $285,000 in restitution - WTHR](https://news.google.com/rss/articles/CBMihgJBVV95cUxPU015bmFGU2tBSi1NZnI5N20zaHl2aUljZUd1S1EyelBVbG1qbWVKQW1MZEFzMXdzUC1HSkpYZVpTWlF1eEF6UWY4d2Y5TkhhTUViRDU5eUc2akFHSHBGZmlMbWxZa3BEN1NYWlluSHZKajFjYnJITzBJX3EwaXB2TFFHOUU5WFhjN0Y3OEZ4S0hNVzBQWGpGV3gtTFFtcXljdHhqTjU0ci1tTEtkZlFFTk8tTUNCRzVTUGZOXy1ETEJ5aHVySkJCQTZwQ1J5RDJ0VjlHUXVFMDdfYlRkRUlxZEcxMlBwZFFCeGg3eTdaR1AzbFZFSkk4em5JRFFSa2lRMDVDUXpR?oc=5) · WTHR
- 2025-03-20 [Former Indiana credit union CEO charged with bank fraud - The Indiana Lawyer](https://news.google.com/rss/articles/CBMingFBVV95cUxOTDlUQlZVcTVHdW1meDZhd0lMcXRmQkpZX0JrcWtndU9FdzB5YU80blp3R05IbkcycjVHeHIwa3FoSlhUSnl4by16MzNQMHFpVGh2TGF6Vmp3ODhDZXVRX2daNG9XeE5kZGd5VlhKSVNmTng2M3RWXy1YbTZST3p5ZFNtc0NMYmYxU0s3V2lUbXQwUGhvMkJsNTRxWnhIUQ?oc=5) · The Indiana Lawyer
- 2022-12-13 [NCUA places tiny Indiana credit union into conservatorship - americanbanker.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNdVQ4aWVmcm1GTEhDQUF2T3R6N2duZlpOcXYyYWVYWUs2Wlk4bDMtdlB3NjhHWE03WDNyWFFNZTJPTm51VjFNcjhVb0ZfTUYwYmFqLW1lVW1JQ055VkxBVlNhclBFTnZWMjYzY3I5RG5yVFd1dG41Wi1kdWNKd1VndkZSaEczRFh1Z0Jxc2otRlZpSTFsajRKS0RzWU84R1RZSVRZS3RyOHp1SVU?oc=5) · americanbanker.com
- 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=14768 (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/48.json (key "14768", 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=14768
- 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