# FORT BAYARD
SANTA CLARA, NM · NCUA charter 1838 · asset band <$50M · latest filing 2025-03 · stopped filing after 2025-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/fort-bayard-1838

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated. 800 members of 2,500 potential (32.0% of the field); checking penetration 11% (share draft accounts per 100 members); loans per 100 members 24.

**Verdict on the desk:** this could be *stressed*. Composite score 11 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.9M |
| Members | 800 (-20.0% YoY) |
| Full-time staff | 1 |
| Net worth | $117,743 |
| Net worth ratio | 2.4% (p0 of band) |
| ROA (annualized) | -20.52% (p1 of band) |
| Total delinquency | 3.07% (p87 of band) |
| Net charge-offs (annualized) | 0.00% (p34 of band) |
| Loans / shares | 43% (p26 of band) |
| Cash / assets | 53.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.53% (p74 of band) |
| Operating expense / assets | 8.74% (p97 of band) |
| Vehicles % of loans | 85% (p91 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 3.61% (p90 of band) |
| Vehicle NCO | 0.00% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 98% |
| Certificates % of member funds | 0% |
| Average share balance | $4,770 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 24% |
| Loans granted per 100 members, annualized | 0% |
| Average loan balance | $10,920 |
| Loans granted, annualized | $0 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | losing money, delinquency 2x band, charge-offs p90, repo signal, auto monoline |  |
| 2016-06 | 5 | loans>95% of shares | losing money |
| 2016-09 | 7 | net worth falling, losing money, expense trap | loans>95% of shares |
| 2016-12 | 5 |  | repo signal, net worth falling |
| 2017-03 | 5 |  |  |
| 2017-06 | 7 | net worth falling, members leaving |  |
| 2017-09 | 6 |  | members leaving |
| 2017-12 | 4 |  | delinquency 2x band, net worth falling |
| 2018-03 | 5 | margin squeeze, delinquency 2x band, loan book shrinking | charge-offs p90, expense trap |
| 2018-06 | 4 |  | losing money |
| 2018-09 | 2 |  | delinquency 2x band, loan book shrinking |
| 2018-12 | 2 | loan book shrinking | margin squeeze |
| 2019-03 | 3 | expense trap, delinquency 2x band | loan book shrinking |
| 2019-06 | 6 | losing money, margin squeeze, delinquency rising |  |
| 2019-09 | 4 |  | margin squeeze, delinquency rising |
| 2019-12 | 5 | net worth falling, delinquency rising | expense trap |
| 2020-03 | 5 | margin squeeze | delinquency rising |
| 2020-06 | 5 | members leaving | margin squeeze |
| 2020-09 | 6 | margin squeeze, loan book shrinking | members leaving |
| 2020-12 | 7 | delinquency rising |  |
| 2021-03 | 7 | members leaving | delinquency rising |
| 2021-06 | 6 |  | members leaving |
| 2021-09 | 6 | delinquency rising | loan book shrinking |
| 2021-12 | 6 | members leaving | delinquency rising |
| 2022-03 | 6 | expense trap | margin squeeze |
| 2022-06 | 5 |  | expense trap |
| 2022-09 | 8 | expense trap, assets shrinking, loan book shrinking |  |
| 2022-12 | 6 |  | delinquency 2x band, loan book shrinking |
| 2023-03 | 5 |  | expense trap |
| 2023-06 | 6 | expense trap |  |
| 2023-09 | 5 |  | members leaving |
| 2023-12 | 5 | thin capital | assets shrinking |
| 2024-03 | 5 | delinquency rising | expense trap |
| 2024-06 | 5 | margin squeeze | delinquency rising |
| 2024-09 | 5 | delinquency rising, members leaving | net worth falling, margin squeeze |
| 2024-12 | 6 | expense trap |  |
| 2025-03 | 11 | capital below 7%, net worth falling, delinquency 2x band, assets shrinking |  |

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

- 2025-08-13 [NCUA Approves 45 Credit Union Mergers During 2025’s Second Quarter - CUTimes](https://news.google.com/rss/articles/CBMiowFBVV95cUxQQkU1Wk5iWXZYbVlIaVFEbVc2VkFZQkEwaE0yWmZZODNNVjg4WFdyeDk0VnJPbkEzLXljSDNydkJDM2d4R1h2aU5oeUJmQmE4TENlcWY5TEtZWnlZWjdYcmdMQ01RNlBkV01pdl8wb2FDaW5NYVBXWDY4OTVVYmp1SVFfQ0JHMWtFVmRoUEhjeHl5c3NTTDQtTVhReGo2Y0NuZkFn?oc=5) · CUTimes
- 2020-04-22 [Benjamin Benny Trujillo Obituary Apr 22, 2020 - bacasfuneralchapelslascruces.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE5MVWVmejd2TXdQeXF1bXVUcFVUNVhLMVlMenVHMTlSVUI0QS1XT1ZSdzlUUlBKWHZMX1BvdFptX0tHejFyMnZnYng4c2VvYkhNRkc2STNiWWlINm9JX1ZaTkxUSHZwQmNqNkU1NDF5bEN3NlhpY3ByRUxuNzZ2Zw?oc=5) · bacasfuneralchapelslascruces.com
- 2018-07-31 [Obituary for Ricardo G Padilla - Baca's Funeral Chapels](https://news.google.com/rss/articles/CBMibEFVX3lxTE1YRENIMWUtV0VnNDNwNVQ4M3FsVUxjZy1BUk82eU1kYk1JbDRYUjljZ1VzSGZGdDNNV283bklWTk9lVzVMZ3FwMl9nYk9xYW5Wd01qcjFHWkN1bTAtZmxTNkJGMGRSVXl5T2Y4NQ?oc=5) · Baca's Funeral Chapels
- 2022-08-24 [The history of deadly, damaging floods in Southern New Mexico - KRQE](https://news.google.com/rss/articles/CBMilAFBVV95cUxNMkZqSzR0RXQzTVBfT3pndHgyeURYTlhWVWlVRWRsQnlVNmlGN0ZtaVlQaWNaSjR1WkVZUEk5c3U0OXE4b1RJa3hVb3BjVWdkakpLSjdzQ1JMRUF6cUFLZ085X1g5WUxSQVdZSUtHR09RZFRTZUFuTHJfN2l5a3Nva2lKaGZvLW9uVTQ5X2Mxa1c1NGRN0gGaAUFVX3lxTE9mNmY3WkkwRWpESE91RG5EU2FlcHgxNl9iZHNMa21DdUl6YzRFdzRReEtEZ2kwTjJFbXp5cTJ0UGRuUXVQZ2ltdWtrODUxcF92ZnBWcWZmUkkza2k1cWJQSFlEc2tuTTU5OVlHY2t4WExZSWEwMXRjcl9KaFJhbTBfT3R4eXBrOVh0cTlJSXhQNTJKTGJBbkU4SlE?oc=5) · KRQE
- 2018-03-28 [Hurley appoints new face to council seat, interim police chief - Silver City Daily Press](https://news.google.com/rss/articles/CBMipAFBVV95cUxPZE5COGZiRVI4VS1CWTJmeXZBbW1hY3NBTDdERHdJcVlLeVR0aTJYODdzWW45enpKZS1seVZJX2h4Nm5BQ04wakdFWHRYRVFwUzh5ejdFVElONll3djFQUmRFXzZkMldXaFBDQkE4Z1d2TjdZTXpKQldZVlcxTy1FU1VtcEppeVRxS0UyUVFRMm5YNUFrRGZ0YjFOenpCYW5jeE5LZw?oc=5) · Silver City Daily Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1838 (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/46.json (key "1838", 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=1838
- 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide