# FEDCHOICE
Lanham, MD · NCUA charter 150 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/fedchoice-150

Who the members are: federal charter, multiple common bond, organized 1935, low-income designated. 25,704 members of 1,000,000 potential (2.6% of the field); checking penetration 49% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *participation buyer*. 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 | $503.4M |
| Members | 25,704 (3.2% YoY) |
| Full-time staff | 81 |
| Net worth | $43.8M |
| Net worth ratio | 8.7% (p15 of band) |
| ROA (annualized) | 0.49% (p38 of band) |
| Total delinquency | 1.23% (p87 of band) |
| Net charge-offs (annualized) | 0.30% (p37 of band) |
| Loans / shares | 80% (p48 of band) |
| Cash / assets | 8.9% |
| Borrowings / assets | 5.76% |
| Net interest margin | 3.46% (p49 of band) |
| Operating expense / assets | 3.46% (p44 of band) |
| Vehicles % of loans | 15% (p19 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 7% |
| Third-party paper % of net worth | 42% (p34 of band) |
| Vehicle delinquency | 1.44% (p89 of band) |
| Vehicle NCO | 1.22% (p65 of band) |
| Repossessed % of vehicle book | 0.33% (p90 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 145% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 15% |
| Average share balance | $8,752 |
| Participations bought / yr | $22.3M |
| Participations sold / yr | $37.0M |
| Participations outstanding | $88.8M |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $21,614 |
| Loans granted, annualized | $34.5M |

## Participation posture (from the same filings)

Bought $22.3M and sold $37.0M in the latest annualized quarter; $88.8M outstanding purchased (203.0% of net worth), $646,084 sold and retained. Sold in 8 and bought in 7 of the last 8 quarters. Shares 5.5% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | charge-offs p90 |  |
| 2017-09 | 5 | losing money, delinquency 2x band, delinquency rising |  |
| 2017-12 | 5 | thin capital | charge-offs p90 |
| 2018-03 | 5 | charge-offs p90 | losing money |
| 2018-06 | 4 |  | net worth falling |
| 2018-09 | 4 | leaning on borrowings | delinquency rising |
| 2018-12 | 2 |  | delinquency 2x band, leaning on borrowings |
| 2019-03 | 1 | assets shrinking | thin capital, charge-offs p90 |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | charge-offs p90 |  |
| 2020-03 | 1 | margin squeeze | assets shrinking, charge-offs p90 |
| 2020-06 | 5 | thin capital, delinquency 2x band, delinquency rising, leaning on borrowings |  |
| 2020-09 | 3 |  | thin capital, leaning on borrowings |
| 2020-12 | 5 | thin capital, losing money |  |
| 2021-03 | 5 | charge-offs p90 | losing money |
| 2021-06 | 2 |  | margin squeeze, delinquency 2x band, delinquency rising |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | charge-offs p90 |
| 2022-06 | 2 | charge-offs p90 |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 4 | delinquency rising, repo signal |  |
| 2023-03 | 2 | leaning on borrowings | charge-offs p90, delinquency rising, repo signal |
| 2023-06 | 5 | delinquency rising, charge-offs p90, repo signal, assets shrinking | leaning on borrowings |
| 2023-09 | 3 |  | thin capital, assets shrinking |
| 2023-12 | 2 |  | charge-offs p90 |
| 2024-03 | 3 | delinquency 2x band, assets shrinking | repo signal |
| 2024-06 | 2 |  | assets shrinking |
| 2024-09 | 3 | repo signal |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 2 | charge-offs p90 | delinquency rising, repo signal |
| 2025-06 | 1 | net worth falling | delinquency 2x band, charge-offs p90 |
| 2025-09 | 0 |  | net worth falling |
| 2025-12 | 2 | thin capital, leaning on borrowings |  |
| 2026-03 | 4 | net worth falling, delinquency 2x band |  |

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

- 2026-08-05 [FedChoice Federal Credit Union Implements FI Works Customer Data Platform - Business Wire](https://news.google.com/rss/articles/CBMiygFBVV95cUxOeTk3eGVtaUN5SkFHc0ZxRkVTVEN6aTJqeUU5X1RCWVhNWXJtUjZIbmtiTG1KRzNRSk1mYU0tUUpnb1lYcC1PUGFjMGJzR2VJMGZRRHlKQ0JKN1VYVk12X3JOVmdzR1dfR2pZYmVVUThlUE1mYmVCZ2xzSHZqWVJGaFFfZ1ZFTXRkTTcyUHhCOTJNazNTNllseFNtbjAtNjlNWTR2MUJ2OENpUTFZMlhwUTVfZkRRbE9SVEd5WkNZTkw0cGhFYkdQNllB?oc=5) · Business Wire
- 2021-10-26 [FedChoice Federal Credit Union in Maryland hires new CEO - americanbanker.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPZS1nVG5TTE9GdHJ4Nms4QVlva1Y0amdmMjRyOUE5X2Q0WHotM3ZTaEZQMHg4czQyVjFfbHZSbldDUFpVelBRa1Y4SXp4TU1OTFB1LTVkaEQwY2w3bmhEaDJ4UlFSU3p3NGdwM2hmUWNkU1NOQWFkWi1PQk0zOUNkVWVrSS01YmttaVlxb2NkX3VYVmVmZWFnVkM0a0puWVo3dlVIWkZRYzc?oc=5) · americanbanker.com
- 2022-03-17 [FedChoice Federal Credit Union announces new president/chief executive officer - CUInsight](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQV2IxYjdZSGkwM05zR2FpQ0p3UVNUVmxvYldPdzZ5TTBZb2t2a3NobEs2aHZkY1hpTWQ2MFR5c3lvVVl6RFl4T3pkM2JfUFFPQ2d5SFh6Ny03WHhJRllNY2NjOFlYUS1tcWZXN3lRM0tCWGx2aS03TVMwMHY0OEFZZGh4TElWR21lNWMwMW1JRGtoZm5tNkphcHpsSkhEU3RNNmZKWElrU2E5WU9ERGpveEpmRHpBaGd2UERB?oc=5) · CUInsight
- 2025-09-03 [2025 CU Times Luminaries Finalists: Credit Union Community Impact - CUTimes](https://news.google.com/rss/articles/CBMiogFBVV95cUxNaHZJR2xZbVEweXhYbUU5dTFibnFPYnhJN1pXMHNnVEd2bU9oQTJzMzVURmk0eHJCWFpOcDFUSHZVSnFiM09RNjFlVnZ3Q01sWE9zVjdiejUwWElMREZqWVBCOFRiMERxX200dm85RzJvX1BMbHlBYk9HSC1QYlJiYldtNEJ3TVlxMTFIZ2FwcTFiNmJqU2pDaTJzUDZ0dE5Fcmc?oc=5) · CUTimes
- 2026-03-25 [Securityplus Federal Credit Union elevates strategy and lending leadership with key executive moves - CUInsight](https://news.google.com/rss/articles/CBMi1wFBVV95cUxPSGZSbHpSdExMNWh0V3FUZ0VuelJBX1hKcWJOMjBNcHVTVjZnaTB3TGVPblViV281WlFWRzRrdVdheXhjSHhjdlU0eEhscDh3dVFKQ2dBaFUyWi1KaUhhYjVtUWYwT0lkZnkwdjBlbmVjTFNZTXZPMzVMTlNzTW1PS2wwZzVDUjc1THhVYTdoajZuQTFNTXFYUlV6WWdCYUV1dndEaldjQ2oxWElJem1OOVREWkNVa3VWNGY2SnB2SDJGbUk4Zk1fcUhHUmNzNnBrMV9ndjg3OA?oc=5) · CUInsight
- 2025-08-28 [2025 CU Times Luminaries Awards Finalists Announced - CUTimes](https://news.google.com/rss/articles/CBMikAFBVV95cUxPdUVmaGI5bkJnSm1WSU82SmxZOWJKcko2RkdBbFlkUDJWMlNCajFhejlvbS00cFdLSmZyX1FLX24xZlM0UG9PUlowRkVmQlFwaDhEYzZNNVI5NXdqS1hUZ0Y5Z09LNVZyem5oZGcwb2tYLUZnX1h5dkFmbVpoN2ZuOXhKNzdyaWJsT2VOUUlMQ2E?oc=5) · CUTimes
- 2026-07-28 [FI Works Expands Sales & Marketing with Addition of Heather Bonaventura - Business Wire](https://news.google.com/rss/articles/CBMixAFBVV95cUxPaEoyVlNnR3l5WXQwdzByMWdsVTI2dTdLdnA4bGNLSE4xZDIxSGFSZTk3MFI0N0NGYmIyTWp3cnI4S0l0T2dYa0puNnJsSE5tTkVrS1dnZnJyT0dvTnFFNFIwY3hCODlubzEwNkhZUGdhb19aT0N0bER3TUJkU2kzMnh2WFVadTJuelp5MUMxdS14VUlDZjcwd1ZWRTlmVXZFbWoteU5oUllJSGF3ZGtueWo0R3ZHYWZ4Z1hRYnZOaVhCMXI2?oc=5) · Business Wire
- 2021-10-09 [Michael Kelly Obituary (2009) - Fredericksburg, VA - The Free Lance - Star - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPWW53QVRkMy13b09mTFR3XzRGV0RZRzFjMzd6YTJVYS1YS0ZFSTZxTWlXNFhkbG1xcXBXZWFjdVVBSFdrZ3FRdlBLWHJiUlJnUGxGS2NCREU5eVpGWWlUcnpRVVdUZGtveGE4VHJrUEwxRTlMYkY4WGRQUVFQV2I3NzVNN3lraFdRS3BYcGZFR09fLVZPVGc?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=150 (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/22.json (key "150", 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=150
- 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