# SPERRY ASSOCIATES
Garden City Par, NY · NCUA charter 1787 · asset band $200-500M · latest filing 2020-09 · stopped filing after 2020-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sperry-associates-1787

Who the members are: federal charter, multiple common bond, organized 1936. 16,303 members of 1,359,700 potential (1.2% of the field); checking penetration 39% (share draft accounts per 100 members); loans per 100 members 49.

**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 | $265.4M |
| Members | 16,303 (-0.1% YoY) |
| Full-time staff | 37 |
| Net worth | $22.4M |
| Net worth ratio | 8.4% (p17 of band) |
| ROA (annualized) | 0.33% (p33 of band) |
| Total delinquency | 1.28% (p94 of band) |
| Net charge-offs (annualized) | 0.26% (p45 of band) |
| Loans / shares | 70% (p43 of band) |
| Cash / assets | 6.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.11% (p8 of band) |
| Operating expense / assets | 2.87% (p27 of band) |
| Vehicles % of loans | 10% (p5 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 0.02% (p5 of band) |
| Vehicle NCO | 0.65% (p68 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 76% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 14% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 34% |
| Average share balance | $10,597 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $21,161 |
| Loans granted, annualized | $70.6M |

## 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 | 2 | thin capital, delinquency 2x band |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | net worth falling |  |
| 2017-09 | 2 |  | net worth falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | assets shrinking |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 | net worth falling | assets shrinking |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 |  | net worth falling |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 2 |  | net worth falling |

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

- 2020-08-31 [PenFed set to grow through merger with Long Island credit union - Banking Dive](https://news.google.com/rss/articles/CBMimAFBVV95cUxPbGxDX3JvNFhMNzZnQXFUcjJLM2NfbU9DdnBzSl9zdnJQLUdSbEotY0I5OVYxNF9pY0d6ellmT1lucDh1Rk0xU3RYZ3Q3Vm5feEdxSE5FMU01VzBmODBuT21XWFRuS2thRlRBajNIRGM5VGZDdnpfLXNFeEJxYnoxZXVvV2QxZ3VSM1FtNkE5V0pGZTVwVkhYeQ?oc=5) · Banking Dive
- 2020-12-01 [PenFed CEO: 'Our platform is suitable for all of America' - American Banker](https://news.google.com/rss/articles/CBMipgFBVV95cUxNMEdZMzFNck9lZ1RMT0wtQmstSDRobWZsblF6R0dvX2d2VWlORzFBQmQtcnVnSFBKWDY0TGc0VXF1T1dsVEE5YVYwc3kxaUo0OFRVSlpobzZFZUJxVkFJTG1OOGEyVy0tRzlQNWR3MG5tNnZ2WXdTRV94WHB2OElBNFdLdXlmakRIYkhMN25FRkxZcVJDQi1HUG9OZHhmNklGNWtNckN3?oc=5) · American Banker
- 2019-08-02 [Ones to Watch: Banking & Wealth Management - Long Island Business News](https://news.google.com/rss/articles/CBMie0FVX3lxTE82SHdLWnQ5Ym1wYzVwdHZsNzBWcEtLTXA3R0tOWld0MERZbTlOWHoybk1hcHNoNmZzdE53bmtpemwza19OQ2JhQWMwaDA5NnN3dHdYVjF0WERZNllzTVV6R25DS2ZoUG56a2JHOFBTVllWNkptbXROVmxqQQ?oc=5) · Long Island Business News
- 2019-02-12 [Changes in mortgage departments: Executives on the move - American Banker](https://news.google.com/rss/articles/CBMipgFBVV95cUxQNXF6eWxnNVVhZkpqcjJpZmpscENfVjBVam9DSy03OEdWeVU2ckFTRjcwWFIzbXFjZlZxRERwbDBydUtBWFZQeUdjTGlYLV8yRzRRNmN5U0FQNDZXQm9pSUx6UEFyQUZRYTQzTHNSZ0lsVG1kLWxSTlQyWDZvOWlXVDdHWGYtd1BLTnBNcGo3dVFiSlhhMW5sWjJpbVV0dG9GM19RT3JR?oc=5) · American Banker
- 2011-02-23 [Montauk Hotelier Buys The Inn at the Blue in East Marion - Patch](https://news.google.com/rss/articles/CBMimAFBVV95cUxPS053OUM5R1czN2lic092TmRqTmRmMG1JUDdEcUZTWGY1ZU5MbjlvZjh4eXZUTVV5MzhITE1lbkRBTnlBczZwVVJnRl9LNHFKS05GaXdxWm9VaUpoWWszUW9laWRHN0FzbW5SS3FJTjJfaFd2amhZTkxCVDJvNFNka1gzbm9SLWIzZnpFMkNPV2JGYi1CNThyQg?oc=5) · Patch
- 2019-05-08 [On Our Island: Nonprofit highlights of the week - Long Island Business News](https://news.google.com/rss/articles/CBMihgFBVV95cUxQUWp0VmlZQ0h3b3FYMG5ROVBWaGQ3eldHckMwak1MLTRORFpHMDNuQkNzX0ZnMHdPSzlLZTV2ZUM0aExDamlDelJEQVh5VmZzaThXU1NucDU1cTFCRkt0TXVtb1ZvRzJaZjVRQXZoWDhKcXhwd003UjBaeG5HYXpkM016SmgzQQ?oc=5) · Long Island Business News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1787 (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/59.json (key "1787", 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=1787
- 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