# GOOD COUNSEL
Brooklyn, NY · NCUA charter 17358 · asset band <$50M · latest filing 2019-06 · stopped filing after 2019-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/good-counsel-17358

Who the members are: federal charter, associational, organized 1966, low-income designated. 289 members of 350 potential (82.6% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 1.

**Verdict on the desk:** this could be *too clean*. 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 | $401,769 |
| Members | 289 (63.3% YoY) |
| Full-time staff | 0 |
| Net worth | $43,791 |
| Net worth ratio | 10.9% (p33 of band) |
| ROA (annualized) | -3.53% (p2 of band) |
| Total delinquency | 0.00% (p6 of band) |
| Net charge-offs (annualized) | 0.00% (p25 of band) |
| Loans / shares | 0% (p0 of band) |
| Cash / assets | 100.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 0.37% (p0 of band) |
| Operating expense / assets | 3.92% (p62 of band) |
| Vehicles % of loans | 0% (p2 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | – |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | – |
| Vehicle NCO | – |
| Repossessed % of vehicle book | – |
| Real estate % of loans | 0% |
| Credit cards % of loans | 100% |
| Unsecured % of loans | 100% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $1,230 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 1% |
| Loans granted per 100 members, annualized | 1% |
| Average loan balance | $368 |
| Loans granted, annualized | $1,472 |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **assets shrinking** (`shrink_assets`)
- **loan book shrinking** (`shrink_loans`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | losing money |  |
| 2016-06 | 2 | delinquency 2x band |  |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | delinquency rising, loan book shrinking |  |
| 2017-06 | 1 |  | losing money, net worth falling, delinquency rising, loan book shrinking |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 3 | net worth falling, losing money |  |
| 2018-06 | 7 | margin squeeze, delinquency rising, assets shrinking, members leaving, loan book shrinking | losing money |
| 2018-09 | 5 |  | net worth falling, members leaving |
| 2018-12 | 5 | losing money | delinquency rising |
| 2019-03 | 5 | net worth falling | delinquency 2x band |
| 2019-06 | 4 |  | margin squeeze |

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

- 2017-04-10 [Heidi Young – Publicis Re:Sources USA Inc. - Vanguard Law Magazine](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQOG1lTW9ORk1PaDVFMmR0YTVCdkNuTzcxV3dhVUZ2LXZkWGlFQjUxUWlia0ZCb3pQa05Jb1FXXzhkVDJnN0V5N2tHYUl5RzR5WTJTM05TVTA0RnhuSU1xMTdYM19QMkZpeHJxSUs4bTdXZno5OFpYN1YzMHJLbjhid01Ed3NIcmpoWXl3?oc=5) · Vanguard Law Magazine
- 2024-10-27 [Joseph Walsh Obituary - Scranton, PA - Scranton Times-Tribune](https://news.google.com/rss/articles/CBMifkFVX3lxTE9JaldSNWk3MVZ5VGFpdmtvcDRvb3RnZjZBWmJ6dlZqTGRJV0ZSWE9QQm96d3I5YmxlaTlnS25LaEtnM2xMa2pEcjJWc3BjbkxXTlhHVmYtY0lLSUlZa2NuVXp4M1hlSUkxdTBwNzZSdEp0S0NfOFFZVGZWUHEzZw?oc=5) · Scranton Times-Tribune
- 2017-01-14 [Former college basketball player gets degree with assists from coach and NCAA — yes, the NCAA - The Washington Post](https://news.google.com/rss/articles/CBMiogJBVV95cUxOaXRld0hCNUp3NkUzSHpwLU1kZ3BObHExQlZjTTdMdlNtWlJIWVpiTFdCUVhRTVRrcmlQcXh1dEIycHczX200Tk1BTktpcW5DUGg4eG9pS2pkYl9GUjdjYTh4ZjBXUXZfTzB1ZW5RZWl5cVVtZzhRMWNCRFdRNUF4eTFRNFBzYkpYUU94cHV3NHZKR3ZuTDBFUGZIS1RVbW80a25LZGV5ODBaZ3JTRDVQdnhfQzk1OXhVYkttdE5BOERWUU5nUHhVRnFPbXRfYkZtOS0ydHk3VFNrYU1IUTRuVGdsd29xNkgzeHlxVE92VTBxeTAxdE1GODNEbVNkNnoxTkViZS1fMmdqTDRUclBGQ2JZN2NlZmxKLUhnUnc3RlB3Zw?oc=5) · The Washington Post
- 2021-10-29 [David Pipher Obituary (2015) - Endicott, NY - Press & Sun-Bulletin - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxQaHNSS0llQmp0eDM5Q3FWUVRFNWU3WGU1b2xYanZ5MFBiWGpIS3hrRm9oODY2Znc1UGF2bGF3b3d5M0FaQXlLaF9lMGdBajl6Q0RXUUZFbXAwX3hjc1ZRak1Td21lc2M1b0FMdHFWTnFycS1SZWp5OWpYRUFqWHluTlk5VDBuWlNLNWl2Yl9kYzcwWEE?oc=5) · legacy.com
- 2007-02-16 [Services for victims announced - Inquirer.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQZFROZVRXSndNQUwyNVhOOGhLSTJNRnNKb0I0aWZ2bWlPcnBodlZ5MmtZZnNuRDlLdFh1cWFDQjhObGNwcDdNVUxkYlBBa25DV05vZ01peVZuUTdmbEpjbGdTOVl3QklxVHhTb0IwVU1XWWw5WkdueV93ekc0bmF6MDhCVm85SF9PQzFsOFBzQ00?oc=5) · Inquirer.com
- 2021-10-17 [Adam GEYER Obituary (2010) - The Record/Herald News - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxPZEpNcDM1R1VBa2o2U0ZiY0daSEhMRHlVNkdWOENjb2lCekM0ckNXSFdhbkh0a3NTRTE3cWV2eEVWakhucmI0Yi1zZ0RhZXBsaWliTGFDOWtrVkZoN0dzZzMtWFdER0dQdXY2OG1FV3MtSVBwSU5feGc4el9JakxMN3BqRmV5Qmc0aTEzdHV3?oc=5) · legacy.com
- 2022-04-20 [William Kelly Obituary (2017) - Yardley, NJ - The Trentonian - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNWnl4R2Jfb2hQc253aDItUDBPX0ltRGVIc2FMQUlYNnJUMnliYV9QLVZ3TVhKX3M0NHJCanpnTzB1cXVBWkFjeHNSSF9pck5mbDdEcWpmaFBLZnlWX21aVGFCM0lnM3RGY0pDelk4cTZPV1hVdE1mV0Z5MmpFV044V1VpU3pYa1JQdjRVaFBtZ1M?oc=5) · legacy.com
- 2007-02-15 [James Reif Obituary (2007) - Binghamton, NY - Press & Sun-Bulletin - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNNjFuXzl5Q1NZTXVaTmVYeWFDVmlWRERFc2VTWFJOdmo4dlgtcjRnd3ZPaWdQRnYyYUtlbFhPQ2czWml0T0NNRnU0alR5LTlqNC1NcW1ZMUQwS3pRSnVsNFNzWmI5VlhhYjRobThmcUFFOHZYaWp5SHRjVWRyS2JuYzJjTndtR1I3a3k5T2pqd0s?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=17358 (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/14.json (key "17358", 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=17358
- 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