# MORGAN CITY
MORGAN CITY, LA · NCUA charter 15009 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/morgan-city-15009

Who the members are: federal charter, multiple common bond, organized 1962, low-income designated. 860 members of 46,552 potential (1.9% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *auto monoline*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.9M |
| Members | 860 (-6.5% YoY) |
| Full-time staff | 2 |
| Net worth | $795,321 |
| Net worth ratio | 16.1% (p57 of band) |
| ROA (annualized) | 0.16% (p30 of band) |
| Total delinquency | 0.00% (p8 of band) |
| Net charge-offs (annualized) | 0.00% (p37 of band) |
| Loans / shares | 72% (p70 of band) |
| Cash / assets | 8.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.05% (p57 of band) |
| Operating expense / assets | 4.11% (p62 of band) |
| Vehicles % of loans | 71% (p66 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.00% (p16 of band) |
| Vehicle NCO | 0.00% (p35 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $4,160 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 19% |
| Average loan balance | $11,221 |
| Loans granted, annualized | $1.2M |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, auto monoline |  |
| 2016-06 | 1 |  | losing money |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 3 | delinquency rising |  |
| 2017-09 | 2 |  | delinquency rising |
| 2017-12 | 2 |  |  |
| 2018-03 | 4 | delinquency rising, loan book shrinking |  |
| 2018-06 | 4 | assets shrinking | loan book shrinking |
| 2018-09 | 3 |  | members leaving |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 | losing money | delinquency rising |
| 2019-06 | 4 | loan book shrinking |  |
| 2019-09 | 5 | members leaving |  |
| 2019-12 | 5 |  |  |
| 2020-03 | 4 | delinquency rising | losing money, members leaving |
| 2020-06 | 4 | net worth falling, losing money | assets shrinking, delinquency rising |
| 2020-09 | 2 |  | loan book shrinking, losing money |
| 2020-12 | 2 | members leaving | net worth falling |
| 2021-03 | 3 | losing money |  |
| 2021-06 | 4 | delinquency rising |  |
| 2021-09 | 2 |  | losing money, delinquency rising |
| 2021-12 | 3 | losing money |  |
| 2022-03 | 3 | delinquency rising | losing money |
| 2022-06 | 1 |  | members leaving, delinquency rising |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | assets shrinking |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 2 |  | delinquency rising |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 2 |  | assets shrinking |
| 2025-03 | 3 | assets shrinking |  |
| 2025-06 | 3 | members leaving | assets shrinking |
| 2025-09 | 2 |  | delinquency rising |
| 2025-12 | 3 | assets shrinking |  |
| 2026-03 | 3 |  |  |

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

- 2025-07-25 [Louisiana credit union to buy in-state bank - Banking Dive](https://news.google.com/rss/articles/CBMitAFBVV95cUxNWDNSX0lLTU5PYVZKa3B6bXdyb2l2ZFhaWENfQW1XM2hQTzVLaW5zMHVNS2M2NEdZM0NsWlRXM1lld1VKejJtWVNpblNaUFJvWTJEYVMtemdQNmlNbVBmUng1UmhldC1adUFJZ1psZTFTYmFFaGJobk5FWGFGNnFiYWRlMDRxaldSTmpvTl9SMlNQZ1BTT0VQRU1VOVlCTVVPV1hvekE1a2lkMENOSnJhTnF3Q0U?oc=5) · Banking Dive
- 2024-04-08 [Donald "Duck" Joseph Lajaunie Obituary Apr 8, 2024 - Twin City Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTFA2aWFIc2E3R09NWms4Qi1PcVF1Z0pTenRVSi1nQWpfeTIyZXZsSUFpVHAtaW5icXBiN3hqT0dDUlJpWlJKZ0RmSldXQWxYSGNJVEcwY2NGUlVpWlVabFV6RHlpelRzWXZKZmc?oc=5) · Twin City Funeral Home
- 2022-07-30 [Suzette Thomas Obituary - Houma Today](https://news.google.com/rss/articles/CBMiWkFVX3lxTE5HZWs4Y2dnWlRQekhDTTVJRmNzYk1Sem41RXRkNnM0S2tzQ09KV2Z2a3piLUVidkQ1TTFzRnJKMktkdGRackxOanMzTDJiclRMN05IbUt6TVdkUQ?oc=5) · Houma Today
- 2026-08-04 [Qualifying started today for November election: What's on your ballot? - KATC](https://news.google.com/rss/articles/CBMitAFBVV95cUxOTGk5b3c2T3RHa3RUMDlwaTR5ZjNYSGRMUkxRRzEycTVEWjV4N0NHWm1acnRpejlKbDFSd0U4OXNsNXI2MGNtZDZQc2pMcXh5T3ZXaE9HU0FJMU5hRzkzVms5bjVVNGZNSGVBeGF5NEFZX0UwMl9td0ZBM1dxRExYaFppNVFCdFFTNlNPdVZrRHdGV2Zncm04Zi1tano4My1LN3dSSm1jTGxXaUNOM056MHpKaGM?oc=5) · KATC
- 2015-09-30 [Wanda McClelland Obituary - Morgan City, LA - Dignity Memorial](https://news.google.com/rss/articles/CBMiigFBVV95cUxPams2c2hOSzVOUlZuZnFielBvT3NsazNYWno4R1BXTHNvTFppZWFJSkNaZmxGXzJqY3lDX2dXTWx1SWsycjhIOGlicUNBNmpjVXFDMTk3OXBJMXVWdzhQWFBOaEpLVURSRmJtSnpETVFELW5sa1Vhb3dFaG8yWmVyLVc1bThoT29YOVE?oc=5) · Dignity Memorial
- 2025-10-08 [– Court News – - Teche Today](https://news.google.com/rss/articles/CBMiX0FVX3lxTE9qLUdmejV2WGpfZ0NWOE1CUUk3WlFsLUFMV0VzSFFmZl81cW0yWlJrMW5oVTQyUXBxWExmQUtnUXdUVW96aG1TQ3V5THRqLUJEUlowSlZ6N19EZGZtUFVv?oc=5) · Teche Today
- 2021-10-10 [Gloria Wallis Obituary (2020) - Houma, LA - Houma Today - Legacy obituary](https://news.google.com/rss/articles/CBMijwFBVV95cUxNMkhDbV9oS1hXNEJ1TXMwT1RNNFA1RWNQZjlfMlZFRGNzcWV2RjFIczBfRGhjNHVCdGRpLVBYZC13Z3I2Z1dpQ1VYRHBNZWxwc1N1Vkgza1pfSVZvS2NpZEN2ZkJfb1VCQmxNZllJLWo1TnVWdF9EX0s4bWNKWXpGT2Z5dnRhSXFBemk2SW9OQQ?oc=5) · Legacy obituary
- 2020-02-28 [Gloria Wallis Obituary - Houma, LA - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTFBpS0VvMERjWEp1U3BDVGlIWTJZYVVQX0hUZDlwa1NjYjhkbExnaEFxc19mTEJPTWUzUVFONWZ2TWZvQ2dqTWhuWDdoLWt0NGVuUmhIMUZnTzM5dnhTR2lwSVMydkpmeC05cVJvY2FWNzMyRURjSlZEcE5WWU05TVU?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=15009 (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/33.json (key "15009", 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=15009
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide