# NEW PILGRIM
BIRMINGHAM, AL · NCUA charter 16858 · asset band <$50M · latest filing 2023-12 · stopped filing after 2023-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/new-pilgrim-16858

Who the members are: federal charter, associational, organized 1965, low-income designated, minority depository institution. 555 members of 1,200 potential (46.3% of the field); checking penetration 30% (share draft accounts per 100 members); loans per 100 members 10.

**Verdict on the desk:** this could be *stressed*. Composite score 9 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.2M |
| Members | 555 (0.9% YoY) |
| Full-time staff | 0 |
| Net worth | $29,786 |
| Net worth ratio | 2.5% (p0 of band) |
| ROA (annualized) | -1.37% (p6 of band) |
| Total delinquency | 28.83% (p100 of band) |
| Net charge-offs (annualized) | 6.67% (p99 of band) |
| Loans / shares | 28% (p10 of band) |
| Cash / assets | 71.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.00% (p8 of band) |
| Operating expense / assets | 3.66% (p59 of band) |
| Vehicles % of loans | 79% (p84 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 36.13% (p100 of band) |
| Vehicle NCO | 8.02% (p100 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 20% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 79% |
| Certificates % of member funds | 2% |
| Average share balance | $1,419 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 10% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $6,166 |
| Loans granted, annualized | $73,744 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, auto monoline |  |
| 2016-06 | 3 | losing money, charge-offs p90 | delinquency 2x band |
| 2016-09 | 5 | net worth falling, delinquency 2x band |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 5 | delinquency rising, loan book shrinking | losing money, charge-offs p90 |
| 2017-06 | 3 |  | net worth falling, loan book shrinking |
| 2017-09 | 2 | assets shrinking | delinquency 2x band, delinquency rising |
| 2017-12 | 3 | thin capital, margin squeeze | assets shrinking |
| 2018-03 | 2 |  | margin squeeze |
| 2018-06 | 4 | charge-offs p90, loan book shrinking |  |
| 2018-09 | 3 | margin squeeze | charge-offs p90, loan book shrinking |
| 2018-12 | 3 | delinquency 2x band, delinquency rising | thin capital, margin squeeze |
| 2019-03 | 4 | thin capital |  |
| 2019-06 | 5 | repo signal |  |
| 2019-09 | 5 |  |  |
| 2019-12 | 5 |  |  |
| 2020-03 | 8 | capital below 7%, net worth falling, losing money, expense trap | delinquency 2x band, delinquency rising |
| 2020-06 | 9 | delinquency 2x band |  |
| 2020-09 | 10 | charge-offs p90, assets shrinking | net worth falling |
| 2020-12 | 9 |  | repo signal |
| 2021-03 | 8 | delinquency rising | losing money, expense trap |
| 2021-06 | 10 | losing money, loan book shrinking |  |
| 2021-09 | 12 | net worth falling, margin squeeze, members leaving | assets shrinking |
| 2021-12 | 12 | repo signal | members leaving |
| 2022-03 | 11 |  | repo signal |
| 2022-06 | 10 | assets shrinking | losing money, net worth falling |
| 2022-09 | 8 |  | delinquency rising, margin squeeze |
| 2022-12 | 8 | members leaving | charge-offs p90 |
| 2023-03 | 10 | losing money, expense trap |  |
| 2023-06 | 11 | net worth falling, delinquency rising | members leaving |
| 2023-09 | 6 | charge-offs p90 | loan book shrinking, assets shrinking, losing money, expense trap, net worth falling, delinquency rising |
| 2023-12 | 9 | losing money, delinquency rising, loan book shrinking |  |

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

- 2025-05-21 [HOPE Credit Union plans new Birmingham branch - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQVXRqWDdFQUJkdEVtcmJPU0kxYXR6QmYzb1RuYlRCVERNZGJiRFc5TmUyelN4ZjNIRkR5WlJQWTAycnhRVjFpLWR5ZEZ2N005QmNBVk8yVHNZa002dTQ3VFd1Uk1vcE1EZXJhakZKZjl4aFRiSU1iaVF0RVZQTllBZV9OVFlHOFdIR202RF81YWJ4T1VKQWFPQVVtazd6Y2s?oc=5) · The Business Journals
- 2026-04-22 [Credit union plants financial district flag downtown Bham - The Business Journals](https://news.google.com/rss/articles/CBMirwFBVV95cUxNbWxad0JoV0dPVm5vcDJOclpKSTlRVTRJdlI0NzlyTklPdlFYNWp6Qkp3TlBUQmNtUGJNRWZUb25LZlBJWDU4Rml6VVBsVHdPSEV3OGl2cEtiaTV4ZnJEZFRMYzExRklQNlU0WHRDUTZSQ2RBNXI4Vzhza3NnNTJnUkRmTFRSOTNQemhwQm5qNDU3UDQ4ZURNVmlFT0hCM0V6ejU2d0pBYjJkX3A1X1Fv?oc=5) · The Business Journals
- 2013-06-26 [New Pilgrim Baptist Church breaks ground on $3.5 million expansion - AL.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE0yQkRCMlFxWnZ1U1YxUFc5czBPbDVnbVpQQmpvNzhmX29famJ0MjBtMm55bDc2bDV2NmMwQm1YdTBKY3pqMWZteTlicGhla3NIeVBuRlNUUHZwczA1UHA0LWFybGN2V09VbnpTSEU0Vzc5cHMxZ1Z1MQ?oc=5) · AL.com
- 2008-02-27 [Christian Hines Obituary (2008) - Spartanburg, SC - Spartanburg Herald-Journal - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxOZHBrYUhFTkJZRFN2Wlh1Q0ZWNTZNZ0lLd2w0eDNaMWsza0JGZU5VV291U05pTFowWTZlUUE5V184NEgtUU1vYzVLZ21pMlBmQWQxSi11RTMwd2xIaFd5b2hqUzZyanA3WGh5bmFKNno5R1ItLVpiWEZwbTJCbW9yZENCQ3BHbTBuM0NHTjhuY2pHREJD?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=16858 (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/26.json (key "16858", 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=16858
- 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