# IBEW LOCAL UNION 712
BEAVER, PA · NCUA charter 16119 · asset band <$50M · latest filing 2020-03 · stopped filing after 2020-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/ibew-local-union-712-16119

Who the members are: federal charter, associational, organized 1964. 2,935 members of 3,500 potential (83.9% of the field); checking penetration 13% (share draft accounts per 100 members); loans per 100 members 18.

**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 | $7.7M |
| Members | 2,935 (69.8% YoY) |
| Full-time staff | 3 |
| Net worth | $-1.4M |
| Net worth ratio | -18.3% (p0 of band) |
| ROA (annualized) | -121.92% (p0 of band) |
| Total delinquency | 1.85% (p75 of band) |
| Net charge-offs (annualized) | 0.00% (p35 of band) |
| Loans / shares | 62% (p53 of band) |
| Cash / assets | 30.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 7.33% (p99 of band) |
| Operating expense / assets | 7.24% (p96 of band) |
| Vehicles % of loans | 34% (p22 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | – |
| Vehicle delinquency | 4.06% (p92 of band) |
| Vehicle NCO | 0.00% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 44% |
| Unsecured % of loans | 57% |
| Commercial % of net worth | – |
| Core shares % of member funds | 61% |
| Certificates % of member funds | 0% |
| Average share balance | $1,597 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 18% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $10,343 |
| Loans granted, annualized | $930,516 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **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 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 2 | thin capital | delinquency 2x band |
| 2016-09 | 1 |  | thin capital |
| 2016-12 | 2 | thin capital |  |
| 2017-03 | 2 | delinquency 2x band | losing money |
| 2017-06 | 3 | assets shrinking |  |
| 2017-09 | 2 | delinquency rising | thin capital, assets shrinking |
| 2017-12 | 0 |  | delinquency 2x band, delinquency rising |
| 2018-03 | 2 | delinquency 2x band, members leaving |  |
| 2018-06 | 1 |  | members leaving |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | delinquency 2x band |
| 2019-03 | 2 | delinquency 2x band, charge-offs p90 |  |
| 2019-06 | 2 | net worth falling | charge-offs p90 |
| 2019-09 | 0 |  | delinquency 2x band, net worth falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 6 | thin capital, capital below 7%, losing money, expense trap, delinquency 2x band |  |

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

- 2020-08-26 [Small Pa. credit union is NCUA's first liquidation of 2020 - American Banker](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQMkE0VGlUVUlJNEVmTlk5M29tbDZsQU14WXBCamFnNUMyZGh4YnRSR3NtZjFBdVBtRzZYMzZsZHFNV0hJOVRSQnpOZGlnTkpod2JwMGtfeWJkZGNRUlVNMHNpblhTeXZDNkZMYi01WGdqMDBWZmdHQW4wT2ZkUDJxWUw1MzJkU0VGMXBFOG1ENWxPZWNfWncxYld5TWJtM1lSSnZzV19nUTk?oc=5) · American Banker
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=16119 (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/55.json (key "16119", 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=16119
- 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