# MORTON WEEKS
LYDIA, LA · NCUA charter 17334 · asset band <$50M · latest filing 2021-06 · stopped filing after 2021-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/morton-weeks-17334

Who the members are: federal charter, multiple common bond, organized 1966, low-income designated. 1,271 members of 3,000 potential (42.4% of the field); checking penetration 3% (share draft accounts per 100 members); loans per 100 members 26.

**Verdict on the desk:** this could be *auto monoline*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $8.9M |
| Members | 1,271 (-5.6% YoY) |
| Full-time staff | 3 |
| Net worth | $1.1M |
| Net worth ratio | 12.4% (p54 of band) |
| ROA (annualized) | 0.26% (p52 of band) |
| Total delinquency | 0.26% (p43 of band) |
| Net charge-offs (annualized) | 0.27% (p72 of band) |
| Loans / shares | 44% (p44 of band) |
| Cash / assets | 41.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.85% (p23 of band) |
| Operating expense / assets | 2.26% (p27 of band) |
| Vehicles % of loans | 72% (p73 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p46 of band) |
| Vehicle delinquency | 0.00% (p19 of band) |
| Vehicle NCO | 1.43% (p95 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 98% |
| Certificates % of member funds | 0% |
| Average share balance | $5,294 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 26% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $10,334 |
| Loans granted, annualized | $662,806 |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 0 |  | losing money, delinquency 2x band |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | net worth falling |  |
| 2017-09 | 1 | members leaving | net worth falling |
| 2017-12 | 1 |  |  |
| 2018-03 | 3 | losing money, assets shrinking |  |
| 2018-06 | 2 |  | losing money |
| 2018-09 | 1 |  | members leaving |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | delinquency rising |  |
| 2019-06 | 3 | auto monoline |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 |  | assets shrinking |
| 2020-03 | 3 | losing money |  |
| 2020-06 | 3 | net worth falling | losing money |
| 2020-09 | 3 | members leaving | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 | margin squeeze | delinquency rising |
| 2021-06 | 4 | loan book shrinking |  |

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

- 2025-12-26 [Stoney Hotard, Jr. Obituary December 26, 2025 - Pellerin Funeral Homes](https://news.google.com/rss/articles/CBMicEFVX3lxTE5adDk1LUpRN2x5Z3RIUFFNN3JUUl94UkZoZm5LYXlXQjh1ZHlsVDJDVTNBbWdVTGtMQWRpOUNYRTdUYm43Vl9rbmJFOE9sak1JQ3dLdUI1dzkzX3NuQUZnWWx3WHdVWXZURHBsRXNCQW8?oc=5) · Pellerin Funeral Homes
- 2019-12-10 [Ronald Landry Obituary - New Iberia, LA - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxObkxBNEMxVjFLQVJQQUpLSk5TRG53cVVvT3AtRUFLVElpQTB3d0RkV1VCTXBrOGZqd2xUQmYzVndUQno2UzlKcF8yTTBjc0o1TUV6c0E2MjRGdUxvemo1SWg5QW1BVlJ5V3ZEbDFfemJXNXJLZVJqRXJiWThEUmFscmpRdkg?oc=5) · Dignity Memorial
- 2011-07-15 [Jewel Palmer Obituary July 15, 2011 - Pellerin Funeral Homes](https://news.google.com/rss/articles/CBMia0FVX3lxTE9wYVlidV9lV1dHbkt1MHUyVW44Vjg0NVJrREhRbGE0dG8wXzd1MTgweWpINGdNeFlBOHViUkwyR28yVzhzM3g1TlNFelVCRDRvc0lFS1NXWUJ4cHVjUVN5ZmVYdWd3M3BmVlZV?oc=5) · Pellerin Funeral Homes
- 2013-01-12 [Mary Lynn Landry Obituary - New Iberia, LA - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNMThSRklWaGk0NWVuSEItcHZiN2xjTDU1ZGt4QjVXTjI0T0JvbzBZTUFPbWgzek9RQjVMZE9JMFZOQmJiNWRmVENRWHZiUW9WVTFHdGYzS3JDTzJoZlpoYnRNaEs0UWhWUWhta09KSk1OREYybG9QRVMxX2tad19GRUJnQVREOTVs?oc=5) · Dignity Memorial
- 2014-11-19 [Betty Guidry Eskind Obituary November 19, 2014 - Pellerin Funeral Homes](https://news.google.com/rss/articles/CBMia0FVX3lxTE1aSGRLSGZHMEpORGdZVGE4MnF2SHY5U2VkTkJpdDlxbE5PYzhDVm0zdlBYZTFRdkcydXZrQlJoRFdpVVhkWExsUVlxQmRzRzdGRDlFMnFka0RDZ3BjeER1aDk2VGxsRlVmME5J?oc=5) · Pellerin Funeral Homes

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=17334 (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/54.json (key "17334", 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=17334
- 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