# WESTERN CONNECTICUT
Bethel, CT · NCUA charter 17330 · asset band <$50M · latest filing 2023-06 · stopped filing after 2023-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/western-connecticut-17330

Who the members are: federal charter, community charter, organized 1966. 2,807 members of 192,000 potential (1.5% of the field); checking penetration 78% (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 | $34.0M |
| Members | 2,807 (-1.5% YoY) |
| Full-time staff | 7 |
| Net worth | $2.5M |
| Net worth ratio | 7.3% (p5 of band) |
| ROA (annualized) | 0.97% (p70 of band) |
| Total delinquency | 1.60% (p76 of band) |
| Net charge-offs (annualized) | 0.01% (p42 of band) |
| Loans / shares | 74% (p71 of band) |
| Cash / assets | 4.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.90% (p73 of band) |
| Operating expense / assets | 3.52% (p61 of band) |
| Vehicles % of loans | 26% (p13 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 0.68% (p62 of band) |
| Vehicle NCO | 0.00% (p32 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 65% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 71% |
| Certificates % of member funds | 7% |
| Average share balance | $6,893 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $18,453 |
| Loans granted, annualized | $5.8M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, capital below 7%, delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 4 |  | charge-offs p90 |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 7 | losing money, charge-offs p90, members leaving |  |
| 2017-06 | 5 |  | losing money, charge-offs p90 |
| 2017-09 | 5 | delinquency rising | members leaving |
| 2017-12 | 5 | members leaving | delinquency rising |
| 2018-03 | 4 |  | members leaving |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 5 | assets shrinking |  |
| 2019-06 | 3 |  | delinquency 2x band, assets shrinking |
| 2019-09 | 4 | delinquency 2x band |  |
| 2019-12 | 1 |  | capital below 7%, delinquency 2x band |
| 2020-03 | 1 |  |  |
| 2020-06 | 5 | capital below 7%, net worth falling, margin squeeze |  |
| 2020-09 | 4 |  | net worth falling |
| 2020-12 | 6 | delinquency 2x band, delinquency rising |  |
| 2021-03 | 6 | net worth falling | delinquency rising |
| 2021-06 | 7 | members leaving |  |
| 2021-09 | 8 | delinquency rising |  |
| 2021-12 | 6 |  | net worth falling, delinquency rising |
| 2022-03 | 6 | delinquency rising | margin squeeze |
| 2022-06 | 6 | net worth falling | members leaving |
| 2022-09 | 4 |  | delinquency rising, net worth falling |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 2 |  | capital below 7% |

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

- 2023-06-23 [CT credit union merger approved - Hartford Business Journal](https://news.google.com/rss/articles/CBMieEFVX3lxTE9OOVdrRTBBMzBnZUZVSy1sd0ludDlIdkg4V2dWbjBmN05fXzNycGlMWHY5ajNFR0ZZTGlhRjlpa0lVajZLVjhLZWtLcWNXcjlVNEhhOWdLXzRHa08zSVJkSWNDbFFBN1MtYjZnX3RxY2JPZmNBRklULQ?oc=5) · Hartford Business Journal
- 2022-10-07 [Obituary for Edward P. O'Malley - Jowdy Kane Funeral Home](https://news.google.com/rss/articles/CBMibEFVX3lxTE9adnZlam9CaFZ6dkhVQ0JwSUE4ZFE4THZZcGJyb3F2X05vWWx0eF9FR2VsRkdRNVlUemNhcElDY1BVc2FsZ0R5RERHbWRSUUNsR0FNQlppSW1oRldweUVwWDlPdDQ0OTBOYmRwbQ?oc=5) · Jowdy Kane Funeral Home
- 2018-03-12 [Leadership Danbury pools money for FCA donation - newstimes.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxNRUx6YUhIZlhBdU9LdUdZTzJJTXdic0xSTjdhMlpkM3hTd1BLbFVxa01qZGJuc1VpNTJYNWxaNGI1NGZkNm1RNU9OUGx0LXFBV3dwQnFwSHpBX1R6UFBDZ1NYdFZkNmY1clI1QzNtb09CTm9zNUxRZ2xwYXQ2Rm5sOVlELWt6c2NUUllsWG8yLVNTdkx3a1I4bnFLTl9vUWJ1am9lZ1hn?oc=5) · newstimes.com
- 2024-06-03 [Richard Raymond Teller - Hartford Courant](https://news.google.com/rss/articles/CBMieEFVX3lxTE9zRlptR3h1WWFsTkVaRlVPMzlKcGlVbEJ5QzVWRURaNHloeGxmdVkzWjU4WElOZzJIRlR4dkNEaU5EWHZzN2t5aEdnOVMtdEFpemdpRjVGVmVnaFJIX2VBMVllWkhWMndNVHI1M19LaXFtYktMRXh3Sg?oc=5) · Hartford Courant
- 2026-06-05 [Connecticut State Universities Honor Manchester Student With Top Award - Patch](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOUWxPM18weGVCeEJxMmhIb2JWSmtRTWdjb3lZQzRNdlVYOUctUmlSU0duYjNWTXlfQmpPX0VFSlBNV3RRT2ZwUTVieHJsS0h2WWVvRk9nUy1pLXVjTHp2c3pfSjZJaDRlVGgtQ3lKa1cxWlk3RlJBTWxGWk9Qc1hoVVluZ05UeExtZ2JKdHZGb0k3N2lxOU00cXoyR09oY21CNF9WQ2RJQ2tIYnc?oc=5) · Patch
- 2022-10-09 [Edward O'Malley Obituary (2022) - Danbury, CT - The News-Times - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxORkw0QVpieHp6WmREem5wUmVzU183d1RVQU1qbC1aM2N2WmNRLURHRkFUbVltb1AzSHlpSTZRTkZaUDE5cnZzVl9Dcml0MVdTVkFXYXdlRWRySGl5T24yLXVHRFdFaklSUU5tWmlMeVpWemtqcmpEeGpDNWcxcU9ZQTJJaEROcl9IWWo1WXd5STZZUQ?oc=5) · legacy.com
- 2013-02-28 [Obituary for Thomas W Cilfone - phalenfuneral.com](https://news.google.com/rss/articles/CBMiY0FVX3lxTE5XUjhmMWdsM2k2T1BJUUFmM2o3V09JWkJsRm9wMjVCSF96RDlsblJQRjdtME9UM2FJNHowbmwxV3hPZTZTTXdkeUhXQmM1WHkyNnpTZHVjVlBBdEV1ZUM5cnp5aw?oc=5) · phalenfuneral.com
- 2017-06-13 [Campus Notes - College Students from South Windsor - Patch](https://news.google.com/rss/articles/CBMijwFBVV95cUxOV1pDNDcyMUt0OVVPc0tnWHV5aUpfbkkzdmo1WTU1UWhhOFA5T1ltc216d183UUViVENUZmp3MXB4TFBPRHRyeEc2SFgwTUNISnprMmpibW84UFU5SVVzbGh1ZmhIX3Q2ZEpCWVB6OVRvcF9YOEluMG5MQjNxLVpRbU44NURWdnctNWNNZlczdw?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=17330 (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/50.json (key "17330", 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=17330
- 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