# MUNA
Meridian, MS · NCUA charter 15108 · asset band $50-100M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/muna-15108

Who the members are: federal charter, community charter, organized 1962, low-income designated. 7,134 members of 81,500 potential (8.8% of the field); checking penetration 46% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *ordinary*. 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 | $51.0M |
| Members | 7,134 (13.6% YoY) |
| Full-time staff | 17 |
| Net worth | $5.4M |
| Net worth ratio | 10.6% (p31 of band) |
| ROA (annualized) | -1.48% (p1 of band) |
| Total delinquency | 1.54% (p84 of band) |
| Net charge-offs (annualized) | 0.69% (p81 of band) |
| Loans / shares | 84% (p84 of band) |
| Cash / assets | 16.2% |
| Borrowings / assets | 3.88% |
| Net interest margin | 4.61% (p92 of band) |
| Operating expense / assets | 8.63% (p100 of band) |
| Vehicles % of loans | 49% (p58 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 2% (p54 of band) |
| Vehicle delinquency | 0.99% (p68 of band) |
| Vehicle NCO | 0.55% (p65 of band) |
| Repossessed % of vehicle book | 0.04% (p80 of band) |
| Real estate % of loans | 9% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 37% |
| Core shares % of member funds | 74% |
| Certificates % of member funds | 13% |
| Average share balance | $3,616 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $10,039 |
| Loans granted, annualized | $15.2M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

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

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

- 2022-09-06 [Merger of threequals: A scattered trio of credit unions joins forces - American Banker](https://news.google.com/rss/articles/CBMitwFBVV95cUxOTjJLRkVnekx6VFpuRlZJbkJQNFYzYWwzZmljTDBMNlMyd3FBcFN5NEFiT0Y4c3hKeXBzNFlYQ29pOVVtVFhTaG9UX3NmNWRNZFpjQ3hIMkxqSmZ0aEJoV1NCYV9pejNJWTNGVGJORUZEblQ0X1B2dzY1V1pmVW5XTlFxZUtfbVBFM0lrdGVnaTlQVjlKQXpQaElBeFM3bVlhUUNPTFJvODJRZWpkMXNPN3lNd1JsSkE?oc=5) · American Banker
- 2024-06-06 [MUNA holds 2nd annual scholarship presentation - WTOK](https://news.google.com/rss/articles/CBMihgFBVV95cUxPakRFODk3T21WNC12MzBwN19EVV9GYnJKTTRxQ0xhb3NIUnlYQ1dZQWdWZVVubC1qSUplMm84VFI5YXNJa2hkN3d2TVRRSWRyd3VGRk1Db2hQclh5YnNfbFh5THAyNDVVcFdzV3RUbTJ2OTJDam44V1FJeVlENGRoTGlNWTJLUdIBmgFBVV95cUxQUUFGM1p5OXBJb2RVdk1vZnRLMnpoZ1BoUXgwaHBVS1J4UWJGZXVPSk5GX2hRb2NmTzRadEpobmxoN0xGOWZZR2ZhV0QxbHN4Ql8xV25qc3VXeEx6ZjRKNkllQ2xSME91cmVZZng1U1lTakZYVWlSUkRwUkdla1FOSHppSDh5VS1pWjZUQzM2MlZ6ODRTRjB6NWpR?oc=5) · WTOK
- 2014-09-14 [MUNA adds four new employees - Meridian Star](https://news.google.com/rss/articles/CBMic0FVX3lxTE5KVmc0NW1UM3RJd2Q3TmNTdXdFcmhobm56eVR1M20yWGpQTWo1cHRraVk1V01WbmNsSHdSYUM0ZXViV2wwcXhUMXFQVWw0UW9nZlJjU1AxX3NwVjlDY0xGd1d4Rm8xd2VqcjR6UlJmZ2QzMXc?oc=5) · Meridian Star
- 2022-09-26 [Teresa "Terri" Jo Odom Obituary Sep 26, 2022 - Robert Barham Family Funeral Home](https://news.google.com/rss/articles/CBMibEFVX3lxTFBDN2hGSzBvcnE0Z1J6WGVuZ3B1Z0lmOUhwN1VfNkhCWlVydE5FblBaVjg5Z2FPUGcyWWZWV0VUZ3V3S3lpU0NvRU16SVZtUm9WWGI0NnRScW1aeWVWbHhaZjJHUS1nZ0F2a3BXNQ?oc=5) · Robert Barham Family Funeral Home
- 2025-04-13 [Credit Unions around the Meridian area hosts 2nd annual Credit Union Easter Egg Hunt - WTOK](https://news.google.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?oc=5) · WTOK
- 2016-07-05 [Honoring Those Who Serve Those Who Serve: Executives on the Move - American Banker](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNWS1INHYtRmx2dGhNa2Yyc3lqWE15UVFWR1ZvODZZQWluLXJTRURsa3FXa3lYNHBaOUk2Q2JhUjNwRXJUU0szLVUtV3psZEE2SExVVkwyZEpMTURFT3RhOEozM0QzUVdCSjVoNS1vZklzUGV4ZjkxNWJiaDlLcTVkcXkwTDVRMk5TcVkyd1VtVmtjM3hFdnd1VVBYaHpOUXVVVXpLblNSRVVma3M4eFlMcHZZUVpMcGZz?oc=5) · American Banker
- 2015-05-31 [MUNA’s Pittman elected to association board - Meridian Star](https://news.google.com/rss/articles/CBMihgFBVV95cUxNS3YzbkJ1ZWtvM2RZb3QxeHNoUVB1SndhdlFLUV9hZ0FHYzdlVUp3NVA5NWRZaUxWOTlwVFAxbG1YQ2NodEJPYy02WU5ZWWNjN18ybzhjX3Y2VlpjLVFPVDRWUEpaY0licW9hUHhMVmpJT01EcFBJaXJmZnQxeHZQandNcHpBUQ?oc=5) · Meridian Star
- 2024-06-07 [MUNA awards scholarships to local seniors - Meridian Star](https://news.google.com/rss/articles/CBMihAFBVV95cUxNTEt2V19FMnAxblVJTUJYN2Z5WVZiMWpFcGw2VXRaUGpWcW9ZVGpTVVJJc0pqeTBmYkVLLXg5VjMxeU1tc0kxVk43NjRrNG9iZ3E4Ny1GUkEtTkhObkFHc1JWRjZyTGxYWEJLTVZfTVFjdFVYMEE1dC1fdGx3YUVtcktZdnI?oc=5) · Meridian Star

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=15108 (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/4.json (key "15108", 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=15108
- 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