# INDEPENDENCE
INDEPENDENCE, MO · NCUA charter 15509 · 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/independence-15509

Who the members are: federal charter, multiple common bond, organized 1963, low-income designated. 475 members of 1,590 potential (29.9% of the field); checking penetration 39% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.2M |
| Members | 475 (-13.5% YoY) |
| Full-time staff | 1 |
| Net worth | $221,987 |
| Net worth ratio | 6.8% (p4 of band) |
| ROA (annualized) | 0.25% (p37 of band) |
| Total delinquency | 0.05% (p25 of band) |
| Net charge-offs (annualized) | 0.00% (p39 of band) |
| Loans / shares | 52% (p47 of band) |
| Cash / assets | 49.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.75% (p73 of band) |
| Operating expense / assets | 4.13% (p77 of band) |
| Vehicles % of loans | 90% (p96 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.06% (p39 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 | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 95% |
| Certificates % of member funds | 4% |
| Average share balance | $3,968 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $8,509 |
| Loans granted, annualized | $169,488 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, delinquency 2x band, auto monoline |  |
| 2016-06 | 3 | repo signal | delinquency 2x band |
| 2016-09 | 2 |  | repo signal |
| 2016-12 | 4 | net worth falling, delinquency 2x band |  |
| 2017-03 | 5 | delinquency rising, members leaving | net worth falling |
| 2017-06 | 7 | losing money, repo signal |  |
| 2017-09 | 6 | net worth falling | members leaving, repo signal |
| 2017-12 | 4 |  | delinquency rising, net worth falling |
| 2018-03 | 6 | charge-offs p90, assets shrinking |  |
| 2018-06 | 6 | net worth falling | charge-offs p90 |
| 2018-09 | 6 |  |  |
| 2018-12 | 6 | repo signal | net worth falling |
| 2019-03 | 7 | delinquency rising |  |
| 2019-06 | 10 | capital below 7%, net worth falling, charge-offs p90 | delinquency rising |
| 2019-09 | 8 |  | assets shrinking, repo signal |
| 2019-12 | 6 |  | delinquency 2x band, net worth falling |
| 2020-03 | 3 | delinquency 2x band | losing money, capital below 7%, charge-offs p90 |
| 2020-06 | 5 | capital below 7% |  |
| 2020-09 | 6 | assets shrinking, members leaving, loan book shrinking | capital below 7% |
| 2020-12 | 4 | margin squeeze | delinquency 2x band, assets shrinking, members leaving |
| 2021-03 | 5 | capital below 7% | loan book shrinking |
| 2021-06 | 3 |  | capital below 7% |
| 2021-09 | 3 |  |  |
| 2021-12 | 4 | net worth falling |  |
| 2022-03 | 7 | capital below 7%, losing money |  |
| 2022-06 | 7 | delinquency rising | margin squeeze |
| 2022-09 | 6 |  | delinquency rising |
| 2022-12 | 7 | delinquency rising, members leaving | net worth falling |
| 2023-03 | 6 |  | losing money |

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

- 2026-07-09 [How Assemblies of God Credit Union Has Served Members Since 1951 - 417 Magazine](https://news.google.com/rss/articles/CBMimgFBVV95cUxOczFOSi1ONmpwUGpHTy1zUXMzUGl3OUctdjNuQnR5dUhrSjFMdDBZUXR4MGE0Ry1wX1h0LXczc0xFYlpvVENQWThjVDVpaVBZUDh5UTRBRXdNS2xXQTVHc2NFWXl4ZGk1c2RmMUhpRmZfRmtVc2Y3cjI1eklWMWxuZW5QejlhZmlYMjI4VEhZTUtrWUQyczdlN3l3?oc=5) · 417 Magazine
- 2026-07-02 [Discovery Park To Host Largest Independence Day Celebration - Radio NWTN](https://news.google.com/rss/articles/CBMingFBVV95cUxNc0xhemM0OUxwNnp1Qmo1ZTliVHpXRUtWdDdkaFVudDl2WmpQWTBwMnRRS09BM3JpOGxnNGJkd0FlWVBJNG51MDcyaW9YalJMbWNFX3kwOWo1LUczaGp2Z19QZDBNaW9HWG9VUEx0b0NtcVVINXBuRnJMal9OTmtYbjV4ZnZaTGFoOW9GUm51ZTJkNldPUVRXYnBlSnJkZw?oc=5) · Radio NWTN
- 2021-06-07 [FBI investigates robbery at Independence credit union Monday afternoon - kmbc.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxOYUE5OThINkNSRmNrZmZ0aXE1cUtmZG5oMTUyTjhvSmxOTHpySnB6djJqN3hUYngwLXh5UFQxOFZHbXpPR2JtMVRNbk5wZ3E0dGIwSDMtenRaeC1rVldzY1BDakVkaTVwX3FuMng5Wk1xWlFUc0xwc2szeDNSZ0F3NjVFTllucjZoanYzV3JkcmUzLWs1aHFVOUxTU0dBeW1SU3pQeGZMbThWbUNP?oc=5) · kmbc.com
- 2020-12-29 [United Consumers Credit Union names insider as president - American Banker](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOTEVYVDBsSkY5OHRnTDYtTlpJbmY1VHh1dVZhYVBOREZKQkdtV0pINHNRU3dTZmZrTTZsc1ZkZjhSdm1FSU56Zm1UTmJxa2FMbWZ5Qi1DMkk2a0thNDRrLUY5MHVoSFQyaWllNHFlN3E5cklwUy1rX1ZIb2g5amdVR09xRlNta0k1WTRkMTg5dS0yejVITVE5QkxTY3N0X2tTTFVFUVNmOXc?oc=5) · American Banker
- 2022-06-23 [Western District of Missouri | Independence Man Sentenced to 15 Years for Three Bank Robberies - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMimAFBVV95cUxPYUo5ZWZaOUk2aHAzY20wT3JmSkZhZWM5eG5iMDVVak5yVUU4QjF6UEJSSWJQaWxya1hyQlVPUEw5ek0yRnI4VkFZTlRIMDZndHNtbTFkci1SUWN6OWF4aWt3NThTWmdzZDh3WnB0MGUtRXBVM0J6aWJFYWdFdEQtdW9Jakg4cjZqWHF6WF9RRDBPMWpsS1BzQg?oc=5) · Department of Justice (.gov)
- 2024-12-31 [36 Black-Owned Banks and Credit Unions, Sorted by State - businessinsider.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQR2dKWjVxQ3RoR1BRQi0xZG5sYWowMmFaaF9xWUxVTkZiYlMtTGlTcGgtcGxCZldrMHd2VEQzOWFDNjFUMFVtM1lkNHFEc1gzYU1zMWdVTm1NNk1UWlpESUdBalRXZ3ZMSlNkX0x0ZHB4cVcybF9TN1R0b1NxZVh4TEhReEJ1SVg2dU5TY0tpTnhIdw?oc=5) · businessinsider.com
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Missouri - Newsweek Rankings](https://news.google.com/rss/articles/CBMijwFBVV95cUxQRDF3OFZvcm1iNjJwY0VPQmx6bVZJT19UcUFneHFaRmJXN2N5TndPa3lrM3A5ekFsUWVBSHBHaV9hRGNzcC12Q1JJcjlhZjRrbEFpTFJUTEtQUzJnczNNeEgyZzlJZzBnNW56cDFSN01zU0tad2lqYlVuTkk5TUR0R0xQWE9RaXFxYWEzM1dRZw?oc=5) · Newsweek Rankings
- 2023-12-04 [Paul Calvin Eklof Obituary Dec 4, 2023 - Speaks Chapels](https://news.google.com/rss/articles/CBMiX0FVX3lxTE5RVV9UT3FRWGVPSTQ2NUxfUGtLVjBFdjJoWEFNTEVrOHNQczFDYjdmRUdBNlZxbEFXSTlYYi1Ob3MyRDdyME1WOC02Z3dLNVNIT2QwWHVoY08tVEhiS0h3?oc=5) · Speaks Chapels

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=15509 (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/21.json (key "15509", 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=15509
- 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