# AGRICULTURE
MERRIFIELD, VA · NCUA charter 16400 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/agriculture-16400

Who the members are: federal charter, multiple common bond, organized 1934, low-income designated. 23,827 members of 702,250 potential (3.4% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $353.1M |
| Members | 23,827 (-4.9% YoY) |
| Full-time staff | 45 |
| Net worth | $42.8M |
| Net worth ratio | 12.1% (p62 of band) |
| ROA (annualized) | 0.63% (p44 of band) |
| Total delinquency | 0.85% (p71 of band) |
| Net charge-offs (annualized) | 0.45% (p56 of band) |
| Loans / shares | 66% (p33 of band) |
| Cash / assets | 14.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.26% (p31 of band) |
| Operating expense / assets | 3.07% (p25 of band) |
| Vehicles % of loans | 10% (p8 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 25% |
| Third-party paper % of net worth | 91% (p54 of band) |
| Vehicle delinquency | 2.13% (p95 of band) |
| Vehicle NCO | 0.52% (p44 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 69% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 27% |
| Core shares % of member funds | 63% |
| Certificates % of member funds | 21% |
| Average share balance | $7,834 |
| Participations bought / yr | $4.1M |
| Participations sold / yr | $14.6M |
| Participations outstanding | $21.2M |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $18,780 |
| Loans granted, annualized | $41.4M |

## Participation posture (from the same filings)

Bought $4.1M and sold $14.6M in the latest annualized quarter; $21.2M outstanding purchased (49.5% of net worth), $14.1M sold and retained. Sold in 8 and bought in 6 of the last 8 quarters. Shares -3.7% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 | net worth falling | delinquency 2x band |
| 2017-03 | 0 |  | net worth falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | net worth falling |  |
| 2018-03 | 1 | 3rd-party paper>100% NW | net worth falling |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | members leaving |  |
| 2018-12 | 1 |  | members leaving |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | net worth falling |  |
| 2019-09 | 1 |  | net worth falling |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | delinquency 2x band, delinquency rising |  |
| 2020-09 | 2 |  | delinquency 2x band |
| 2020-12 | 2 | members leaving | delinquency rising |
| 2021-03 | 3 | delinquency rising |  |
| 2021-06 | 2 |  | delinquency rising |
| 2021-09 | 1 |  | members leaving |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 3 | net worth falling |  |
| 2023-12 | 2 | members leaving | delinquency rising, net worth falling |
| 2024-03 | 3 | losing money |  |
| 2024-06 | 2 |  | losing money |
| 2024-09 | 4 | assets shrinking, loan book shrinking |  |
| 2024-12 | 2 |  | assets shrinking, loan book shrinking |
| 2025-03 | 1 |  | members leaving |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | members leaving |  |
| 2025-12 | 1 |  | 3rd-party paper>100% NW |
| 2026-03 | 2 | delinquency rising |  |

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

- 2026-09-01 [Best mortgage lenders for first-time home buyers of September 2026 - Yahoo Finance](https://news.google.com/rss/articles/CBMitgFBVV95cUxQUllrbUduYXFvczVyS3hRRFJ2QVN5MnNESG4xdE4tczA2NmdPRm5CdVotSElFRzlUcjUtM2I5QmZpSG13TnBOTmxRN2xiMDNRYWUxVmZCLXJPeWlxaEVucTl6M05rRHQ3UERqekFHV2h6SkZWVmI4N3hsV2F6UmowdVhsVjI3Yk90WGpnbkhZTDJkU0NEWVNQS3A0U1RYcE5nemluVFZHVlh0elN6WjdZQXFkLW1PQQ?oc=5) · Yahoo Finance
- 2026-08-01 [Farm Technology For Rural Land Loans: Rates & Data - Farmonaut](https://news.google.com/rss/articles/CBMiygFBVV95cUxQUkpTSXY0SGFxY0tlZVVIempkNjNUY3NPanV3YV81bHNkdEhZZThfQnhSQ3pLYnNKNlg4THN0T3U0azZzSGM4NGxSM1IweHd0WG9KZy1ZVnZac2kwSHV4NHJfa1lzOHpwZjN5ejlNTEpzQUtoMWs0TFBRV2lBeXpFVkI5aThLUHhEOWVIaEFhdGdLNVdiQW9TQlBHbzN0WHJ0azdNSl93RW9lTjEyNnJxV256TjRPNHU3OWJpMVQxT3dRdVJqMFlpaTF3?oc=5) · Farmonaut
- 2026-03-31 [AeroFarms says sale expected to close in April after ‘normal delays’ - Cardinal News](https://news.google.com/rss/articles/CBMipgFBVV95cUxQbE9IY0tmeE1NbzRfQl9oTDd3cll5NS1aZHE4UU4yWlV3RVZfQlgzSnpmal9TaUN3MC12Yk5MdE1za1FveFNIZUktVTRtUGxLdEFfYWhxWTJLVGJadktmQTJoMDZLZ25QZEhJWk13VGtoU0M3dzhrUzVweTNtR1ZTaWNfTmIwbTByWDdSTV90T0ZacDBZZ3ZmM3hIR0dnWk1UV3EtdjNB?oc=5) · Cardinal News
- 2026-06-01 [Best USDA Mortgage Lenders of September 2026 - NerdWallet](https://news.google.com/rss/articles/CBMicEFVX3lxTE5ERWZjSDAxUnJ5TnY2cW9ORzhfcEdVVi00SF9maUxEUUdDUnZwZmJnRW1UWURJN2EzTlJkZnI5S1hJWmlJZ1BmRE9HZGRLZFRBSjFnMDFnb2JVM2h5XzA1Vk4wX3JvdTMycEJMcWduNl8?oc=5) · NerdWallet
- 2025-12-08 [Marquis Software Solutions Under Investigation for Data Breach of Over 780,000 Financial Records - Schubert Jonckheer & Kolbe](https://news.google.com/rss/articles/CBMickFVX3lxTE1vZVQ4bU5jSFVZOGJmZmVqbDJWLXBOcHcxWUZISVE3djVZZVM4ZHFaRTdFTk9vMGptMU5fY2NjMmNRRlRSX1BHVEJ6VjdDeHlSNEZIeTNYU2VoYVRaaDZqT2otMUJvaEROYWx3OWdlQmdIZw?oc=5) · Schubert Jonckheer & Kolbe
- 2025-12-03 [Marquis data breach impacts over 74 US banks, credit unions - BleepingComputer](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNN25wV2ZwYk9ESjhEMGdsY1N4dXdSV2FBTUo2R21EX0JoODBvWlhTcVJ3TmtDdW5veDVucFZwS0V2M0Z5VGJsLVQ3MDJWQUpISFgtb1p6aWI0ZnE2MVdjTU8xXzZuclIwQ3ZGRVBCYl9jWXJjeURoNW9UM2hHay1uOElZSENqalFVWndUYV9xUjRnQ284QkpDSnJZNENHOHRfMnhDSnlSbXRzQdIBrwFBVV95cUxPNWZVaVhpYWZHQmVuT1ZWMUt1eTN6VjE1YnE5VC1wWWo0UE4xUG1BSmduNnBZckhtZE5ZTUFkQjdXa3dQS21JMHlIc015cEhsdkVfRzRsSU9YN3owcWFOcWNQQWJTcmxLcjJlYnRUYkd5UFBVclVVODdhVGQ0RTZVZjJDZlpiUWNQWjllcDBVcFQ0WW9qQ1dNNVY2TDNDeS11cU0xN2lNNHdnSG5mckE0?oc=5) · BleepingComputer
- 2025-10-24 [How will the government shutdown affect people applying for mortgages? - CBS News](https://news.google.com/rss/articles/CBMihwFBVV95cUxQVmQtSERTQkZzUVd0a2JzWGYwaFNBYmNPU2t1ZURaaE1OOWRFOGRqZWtoR1UxLWo2T2ZWMzZxbHdaYnVZazh1dlU2MWY3TU9RWXBMY3N6LVVlVlpiYXc3RXJGN1M0QXRCQWUwUEg0bTVqaU45OFc4czBQVWoyVEs0dWwzU0ZmQ3PSAYwBQVVfeXFMTUpGZGdVNkJoUkVsMzNSYVdnd1Ffd2dSWkVqZURpT2o3R2lGd2k1TmZXMWxsRlZFLXJocVZSeVRfa0dDU055QkRQTTREMndVa2tDdjdMSGlVeGdwZklFdUlqTGRaSmZzU0VTUnl5R19TY1F2M3JRVlZsOHhCMVdUUkZwTENmRGY1NHBvZTE?oc=5) · CBS News
- 2024-06-28 [Governor Youngkin awards grants to two local food systems projects along with eight other cities and counties - Cville Right Now](https://news.google.com/rss/articles/CBMi4wFBVV95cUxNUVBRVjJhUE9xN2hMaXYwRUFDV1dwQkNpLWJYRzFJYVVETmZQSkpGVEtUXzNMZk9waVhOSklVRmJxeFk3akF0ZDI4enVqWkp0bmxvbDRvR0twUThfUnBWY2l2Mkw1c2V2WFVXSWJTdHFLTE5XZ2pubF9oUThSQW9LS2xMTUdmaGlvTTFDS2ZEZEFWUHNidExiRjV1VEd6S2M3b21ZSnJyMExESjFUUHNNXzY1NTZzSU1BTW8yQjc2OEpjTXdrb0JWX2c0NFZnZVhELWdwYkEzYlpiRnE0cnZPTmoxVQ?oc=5) · Cville Right Now

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=16400 (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/16.json (key "16400", 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=16400
- 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