# LOMTO
WOODSIDE, NY · NCUA charter 1532 · asset band $100-200M · latest filing 2018-06 · stopped filing after 2018-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/lomto-1532

Who the members are: federal charter, multiple common bond, organized 1936. 2,283 members of 460,000 potential (0.5% of the field); checking penetration 26% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *stressed*. Composite score 14 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $156.2M |
| Members | 2,283 (-21.0% YoY) |
| Full-time staff | 26 |
| Net worth | $-54.0M |
| Net worth ratio | -34.6% (p0 of band) |
| ROA (annualized) | -21.13% (p0 of band) |
| Total delinquency | 10.44% (p100 of band) |
| Net charge-offs (annualized) | 17.93% (p100 of band) |
| Loans / shares | 115% (p100 of band) |
| Cash / assets | 8.5% |
| Borrowings / assets | 64.04% |
| Net interest margin | 0.97% (p0 of band) |
| Operating expense / assets | 4.04% (p66 of band) |
| Vehicles % of loans | 1% (p1 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 0.00% (p3 of band) |
| Vehicle NCO | 2.21% (p95 of band) |
| Repossessed % of vehicle book | 2.82% (p100 of band) |
| Real estate % of loans | 3% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | – |
| Core shares % of member funds | 5% |
| Certificates % of member funds | 36% |
| Average share balance | $15,000 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $177,912 |
| Loans granted, annualized | $33.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | losing money, delinquency 2x band, charge-offs p90, loans>95% of shares |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 6 | thin capital, net worth falling |  |
| 2016-12 | 8 | capital below 7% |  |
| 2017-03 | 8 | delinquency rising, assets shrinking, loan book shrinking | losing money, loans>95% of shares, net worth falling |
| 2017-06 | 10 | losing money, members leaving |  |
| 2017-09 | 12 | net worth falling, leaning on borrowings |  |
| 2017-12 | 12 | loans>95% of shares | delinquency rising |
| 2018-03 | 14 | margin squeeze, repo signal |  |
| 2018-06 | 14 |  |  |

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

- 2018-10-01 [TFCU acquires LOMTO Federal - Long Island Business News](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9TdnBJNkJZbnhzOVZIaTZkMk9tbzJtaXRmbnFxM1NPN29UYVNsSWYzQ2VRYmdURnpYelJRUEhlaW5Kd1ItQUtoY2pHMjJ0YlIyWUREbmNlLUZYUmhWUDJXQ2hsY2FFLVU?oc=5) · Long Island Business News
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2018-10-01 [TFCU acquires LOMTO Federal Credit Union in Woodside, Queens - newsday.com](https://news.google.com/rss/articles/CBMiZkFVX3lxTE9nYzFqZ2N6WVNkMVBzRWFyUjBva01nSGZBeWhjS2NOdG1tUGtId183THRBWnJaVUxEWlUwRXFXQjhwZGltTXpZcm0zX1BSeGNWTkdjOG1PN3dGZHhaZUdvRWwtYUkydw?oc=5) · newsday.com
- 2018-10-01 [Taxi medallion losses drive another credit union out of business - American Banker](https://news.google.com/rss/articles/CBMiswFBVV95cUxQVDZnVG8zNUowUFc1M2s4OWVpSl8tMk1SSUJYMGUzTEhaSmRua1JrU2ZHd1pEMnVjYkRjSUo3bTNPVG5uQ3FUR3JtTHdtaFczc2JzcEtrNmxPZjNpNTJGX2lSa2ZtQUphUlNNNE1DMTgyMlUxaDA1Yml3QVFJUGZjam5ZMXNzdnp6ZzJnNEpHWjZnM3ZITWQyNkVGM0FQRmFWaVB3NkdtSDlJMTlKYTFhakpJSQ?oc=5) · American Banker
- 2017-07-15 [Uber, Lyft take down not just cab drivers, but also lenders - CNBC](https://news.google.com/rss/articles/CBMimgFBVV95cUxQMnhueW1vR3REczNhc0xodk1VQU01cm5ldEtMaTNKWV9mR0FvVmJwT2E1cmlydjVtbjA3a0ZkcTVuQjlJYURuTzRjVjhCWUY1aWRLb1lQX1RKOHRSblJORmpCdEt4Tk1JTmtNRUpiUkhvZE8zTDlrZ1lsUnhWQS10YXdSaTF6VWRFTDBPUTF4TUF3Ymp4WmItcTln0gGfAUFVX3lxTE9oUURKUFg1bU1SMk5vblI1azZ1TmdpY1VqQ3VDQmN2ekFtM0NRekc0QnB3bkI0TlNmQnBua3BqNmFrMkVMMDNiTkVybnFOSlFpb2FYQmdGTmZkcTBjRTZUYTJJMTNYcVJwSEVQcU0yUmdRc1VWNDVvQUdhNmEzeUl0MkRKQ29jakoydzgyNGlZenQ1angzak92eXlQN2xhZw?oc=5) · CNBC
- 2017-07-15 [Uber, Lyft Bankrupting Cab Drivers and Their Lenders - VOA - Voice of America English News](https://news.google.com/rss/articles/CBMid0FVX3lxTE83OUVpbG5zM1RoREhZeU50UVAtek9xX21DWWQxTHhBQjRDR2NnS3RTTVhyRjUySDI3V2lwYzduVjgtWUlUM0RBMFJyemo2MjFlZjlLSkxSWldWcTRxbDdUODdJMlVSNEZzZVZWV21rcVRsVzJRVF9Z0gF6QVVfeXFMT0pGUkhLRG5QU05paU4wUlZRWjdaSkJlTzU2LW9lVzRpSzFvbHFxZG1KV1AzaUZXVHkzZzhWTHlJZXZpVTVGQXh2SnlLRmVJYzFtRTJWcHBmTVFjQXdJX1ItR1Z1d2ZUSXlqc2NvTlZwb2NTbl9wbVU1SEE?oc=5) · VOA - Voice of America English News
- 2018-10-08 [Unions of credit unions - Long Island Business News](https://news.google.com/rss/articles/CBMiYkFVX3lxTE9HMm82TDN4SG9PMkFYcDlNWDh1bXlkaWJrRXlQRWx5UmlabHZWWk1vR0JXcmo3RGlIS2ZKeGdQZTdka3JHRnJfRFZ3QUlJY0pSdGJPZnFIMGRLUGZWUEhhZllR?oc=5) · Long Island Business News
- 2019-05-19 [‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers (Published 2019) - The New York Times](https://news.google.com/rss/articles/CBMihAFBVV95cUxNZVBJc2t0d3hOcTVCWjdTNlpNMzRCdGxST3BBUk1lLXJlNFlSSERzU0xPbk93NnIxOUNrenltdnhVa1VzQ1BxVGZMQ1VoU041NVk3U1dzU3pITERQaEhQT2c5eWZ3bUNwSlc1RlE3Qkx2RVc5bktHV2pSRXNhY3lyeHJQb2M?oc=5) · The New York Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1532 (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/60.json (key "1532", 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=1532
- 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