# M & C MENLO PARK
Iselin, NJ · NCUA charter 17865 · asset band <$50M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/m-and-c-menlo-park-17865

Who the members are: federal charter, manufacturing (single sponsor), organized 1967. 162 members of 200 potential (81.0% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *stressed*. Composite score 10 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 | 162 (-11.5% YoY) |
| Full-time staff | 0 |
| Net worth | $81,945 |
| Net worth ratio | 6.8% (p2 of band) |
| ROA (annualized) | -4.09% (p2 of band) |
| Total delinquency | 9.72% (p98 of band) |
| Net charge-offs (annualized) | 6.91% (p99 of band) |
| Loans / shares | 49% (p32 of band) |
| Cash / assets | 24.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.94% (p22 of band) |
| Operating expense / assets | 4.21% (p67 of band) |
| Vehicles % of loans | 67% (p59 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 87% (p95 of band) |
| Vehicle delinquency | 6.97% (p96 of band) |
| Vehicle NCO | 8.38% (p99 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 21% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 39% |
| Average share balance | $5,005 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 2% |
| Average loan balance | $7,270 |
| Loans granted, annualized | $79,270 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **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 | 3 | thin capital, losing money, delinquency 2x band |  |
| 2016-06 | 2 |  | losing money |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | thin capital |
| 2017-03 | 3 | assets shrinking, members leaving |  |
| 2017-06 | 4 | delinquency rising |  |
| 2017-09 | 3 | net worth falling | assets shrinking, delinquency rising |
| 2017-12 | 4 | delinquency rising |  |
| 2018-03 | 4 | thin capital | members leaving |
| 2018-06 | 4 | charge-offs p90 | delinquency rising |
| 2018-09 | 5 | losing money |  |
| 2018-12 | 5 | members leaving | net worth falling |
| 2019-03 | 3 |  | charge-offs p90, losing money |
| 2019-06 | 6 | net worth falling, losing money, charge-offs p90 |  |
| 2019-09 | 6 |  |  |
| 2019-12 | 6 | delinquency rising, assets shrinking | net worth falling, losing money |
| 2020-03 | 5 |  | charge-offs p90 |
| 2020-06 | 4 | margin squeeze | members leaving, assets shrinking |
| 2020-09 | 6 | net worth falling, members leaving |  |
| 2020-12 | 6 | loan book shrinking | delinquency rising |
| 2021-03 | 5 |  | net worth falling |
| 2021-06 | 3 | assets shrinking | thin capital, margin squeeze, loan book shrinking |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | 3rd-party paper>100% NW |  |
| 2022-06 | 3 |  | 3rd-party paper>100% NW |
| 2022-09 | 4 | auto monoline |  |
| 2022-12 | 6 | losing money, charge-offs p90 |  |
| 2023-03 | 6 | delinquency rising | charge-offs p90 |
| 2023-06 | 5 |  | delinquency rising |
| 2023-09 | 6 | net worth falling |  |
| 2023-12 | 6 | delinquency rising | net worth falling |
| 2024-03 | 5 | margin squeeze | assets shrinking, delinquency rising |
| 2024-06 | 7 | thin capital, net worth falling, charge-offs p90 | margin squeeze |
| 2024-09 | 11 | capital below 7%, margin squeeze, loan book shrinking |  |
| 2024-12 | 10 |  | net worth falling |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=17865 (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/9.json (key "17865", 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=17865
- 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