# CONNECTICUT TRANSIT
HARTFORD, CT · NCUA charter 1863 · asset band <$50M · latest filing 2020-06 · stopped filing after 2020-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/connecticut-transit-1863

Who the members are: federal charter, service (single sponsor), organized 1937, low-income designated. 349 members of 1,500 potential (23.3% of the field); checking penetration 29% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *stressed*. Composite score 9 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 | 349 (-46.7% YoY) |
| Full-time staff | 1 |
| Net worth | $61,804 |
| Net worth ratio | 5.1% (p1 of band) |
| ROA (annualized) | 0.12% (p35 of band) |
| Total delinquency | 9.29% (p97 of band) |
| Net charge-offs (annualized) | -1.40% (p1 of band) |
| Loans / shares | 59% (p57 of band) |
| Cash / assets | 35.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.90% (p98 of band) |
| Operating expense / assets | 8.06% (p98 of band) |
| Vehicles % of loans | 49% (p38 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 11.73% (p98 of band) |
| Vehicle NCO | 0.00% (p29 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 51% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $1,662 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $4,402 |
| Loans granted, annualized | $288,524 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, capital below 7%, expense trap |  |
| 2016-06 | 5 | delinquency 2x band |  |
| 2016-09 | 7 | losing money, charge-offs p90 |  |
| 2016-12 | 5 |  | delinquency 2x band, charge-offs p90 |
| 2017-03 | 12 | margin squeeze, delinquency 2x band, delinquency rising, charge-offs p90, assets shrinking, members leaving, loan book shrinking |  |
| 2017-06 | 10 |  | margin squeeze, delinquency rising |
| 2017-09 | 10 | delinquency rising | members leaving |
| 2017-12 | 9 |  | charge-offs p90 |
| 2018-03 | 7 |  | losing money, delinquency rising |
| 2018-06 | 6 | net worth falling | assets shrinking, loan book shrinking |
| 2018-09 | 5 |  | net worth falling |
| 2018-12 | 6 | margin squeeze |  |
| 2019-03 | 9 | losing money, charge-offs p90, repo signal |  |
| 2019-06 | 6 |  | delinquency 2x band, margin squeeze, repo signal |
| 2019-09 | 7 | delinquency 2x band |  |
| 2019-12 | 7 |  |  |
| 2020-03 | 5 |  | losing money, charge-offs p90 |
| 2020-06 | 9 | net worth falling, margin squeeze, delinquency rising, members leaving |  |

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

- 2007-05-10 [Frank DeLuca Obituary (2007) - West Hartford, CT - Hartford Courant - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxOR3JRRjhTWEtCQ0ZqWUtxdHBGUDc5VHZuakVHbzZUOXlRaGtkOXNGNTBhd3dzX0VfT3RpclBUR0dPNFVtVFY2dDE1VmJKU3lkNnQtOVJTaVdZVTROdE5RejlNa1NBMlppelo4cW5mV3B4djd1MFZoSGgyaGdEcG0tb2UxV2hGQ0tLeFJ4U1VWWDU3ZlZnS2c?oc=5) · legacy.com
- 2011-08-18 [Although Not Many, Manchester Riders Say They Depend on Their Bus Service - Patch](https://news.google.com/rss/articles/CBMipwFBVV95cUxQM0xhelJPdE4tcFdFOW5JZ2VMakJJY2VMMnlzU0RIalNlemZ4UHZ4Z2NWVHhrWnIzZDNFUS1VUnVrWHlwbjRVTnRCRE5TVFlOUl9taVVOMkRhVi1JZlk0dXpTX0VIUV9lWktNc3lwMEk3WDhZekhiYjR6NUpIVWNuTlUzcWM3N0VZNW9ycUR0MnpFUGprenhTbzBIQlVXeXZDU0NQMVQ4RQ?oc=5) · Patch
- 2019-04-05 [Man Accused Of Following Woman Off Bus Facing 12 Years After Plea - Patch](https://news.google.com/rss/articles/CBMimwFBVV95cUxOVXJuSUQ0MG5QdTctT1d3WnN1UndsSnU5NFY4MWhNaGxoVnJ2YmU4SDE4U0N6WTZTNDB2WndRcUo5N2YzQy12eDgzbk9uMGY3TnJvZ3ZMQ2p0VEdUOWZST0doU09jbENhYUh5eV9xS0d1dDBrRkNIQzB1M1dRNXZtRk1GOHBwZnNUd0kycFNYZlJhdlhnejdGYWZuVQ?oc=5) · Patch
- 2011-08-10 [Manchester Police Blotter: Violation of Protective Orders, Evading Responsibility, and Shoplifting Arrests - Patch](https://news.google.com/rss/articles/CBMipwFBVV95cUxPeGNvOVdiamNJRUZtNXd3Q3BPel9vYkJNM20tN3JUOHBqSUdwNm84dUUxelR5TEdOZkluZVJFUmxxOWdwWWtKNzU2UlZEc1o4TjJ0THlsdkoxSUZsMHVLak5LNFFGVkdOWFlXZnE1eVBNVWVRMGdIanljQTNqYzQwYU9hVXNjakRscV9ieW5DbnZaeGdSRl9qVHFpdVF0RFo2bVVuSUl1NA?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1863 (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/7.json (key "1863", 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=1863
- 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