# MILFORD MEMORIAL
MILFORD, DE · NCUA charter 19170 · asset band <$50M · latest filing 2018-06 · stopped filing after 2018-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/milford-memorial-19170

Who the members are: federal charter, multiple common bond, organized 1969, low-income designated. 856 members of 2,000 potential (42.8% of the field); checking penetration 18% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.5M |
| Members | 856 (-12.3% YoY) |
| Full-time staff | 1 |
| Net worth | $398,408 |
| Net worth ratio | 11.3% (p39 of band) |
| ROA (annualized) | -0.58% (p11 of band) |
| Total delinquency | 0.81% (p52 of band) |
| Net charge-offs (annualized) | 0.00% (p25 of band) |
| Loans / shares | 36% (p18 of band) |
| Cash / assets | 17.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.73% (p72 of band) |
| Operating expense / assets | 4.95% (p84 of band) |
| Vehicles % of loans | 72% (p80 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 0.00% (p15 of band) |
| Vehicle NCO | 0.00% (p28 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 28% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 88% |
| Certificates % of member funds | 3% |
| Average share balance | $2,560 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 1% |
| Average loan balance | $3,697 |
| Loans granted, annualized | $169,380 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)
- **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 | 1 | auto monoline |  |
| 2016-06 | 0 |  | auto monoline |
| 2016-09 | 1 | net worth falling |  |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 1 | delinquency rising |  |
| 2017-06 | 2 | loan book shrinking, auto monoline | delinquency rising |
| 2017-09 | 1 | delinquency rising | loan book shrinking, auto monoline |
| 2017-12 | 2 | losing money, charge-offs p90 | delinquency rising |
| 2018-03 | 1 | assets shrinking | losing money, charge-offs p90 |
| 2018-06 | 6 | losing money, delinquency rising, members leaving, loan book shrinking, auto monoline |  |

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

- 2017-06-20 [UPDATE | Milford Police lose one of their own; circumstances under investigation - WDEL](https://news.google.com/rss/articles/CBMi6AFBVV95cUxObXdNVVpIY1hjc1Vwb1Q3NElya01GeW9UV3JFbHpOck9JaldOY25nZU1LUTVsekZrZi1XbkxKbkstbldfRDM1RWVoemZJYlUtNEVuRVVfa1RoMlRIMjFZQnFHUnB3UDdYUmRmdjRiRUhFdWFxYVRSckEzbVZYMzY1RXcxZ3V5Vml6bHlZdzVZLWFEbEdSbmNISmdNYTRGV2xuYnhJa0xlbTRhMzVZbW0xV21uQWJoZGppdkdzT3BZTFdQWDlFbjUxUXpyUjhReXlMTThkMDVxY3FXb2o4WmlvSHRIMmdhdHZi?oc=5) · WDEL
- 2022-11-13 [John Lemmon Obituary (2022) - Milford, DE - Delaware State News - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPSmZtY0NQWW05Vk1MN3FFUWFLM3pqZ1NXeXBzZXpUQWRrUGZfT1hZMjZhS1lNNnRMZXdqSEc4VW1iYTZzTnVuejQ1WmQyZXhTWTZ4YXRqTEI1Xzc2RlphUWhhb2MyNnBVNzduNEhXa19iYTZhQno3RWFkTGl0WHBtSGRJMWItbDJLdGFBVVVsMG9PdHZo?oc=5) · legacy.com
- 2017-06-20 [Milford Police Mourn Sudden Passing of One of Their Own - wboc.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxQUlpkaFNlOVBrQ0h2bnltSlhaenpURzJ5VnVXQWI4NnVRQ1VudmFlR2RPb3M2RnctZ2lEQ1VCWlZuU1lBMjNDekpiWmF2bVdjbWFJT3Y0MFZsY0ptTTNDNW1VSVgxaklfRWZzcVIxYVZsODY1d1NGWG5jMzZERWJWcVJXUWp1R0prb3hXVVJVRDZhWW9TcEtjTWNkWDNjRXhZUjJtMl9MRGxTVWRFc0IxMUlJc20zNHIwV2pXS0tiWENjWHN0V0JyRkpwdDRMS1E?oc=5) · wboc.com
- 2014-12-20 [Delaware Business Achievers - Delawareonline.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxPQlFyZW51UU9Md3hibDRFcmRoWGNkdW5KelFia0RoUFVFaTNObjFrOGExVXcxSjlhOG5qOWxPXzZWWHRZYkdYUlNHQzk5NGFaWFZjSE9XQmhuNUZqVXFFSERDX2EwY25SWlkxS3ZPa3AtWkZ5SWo4cmR4cTQwQ1hYNE9wc2ttRDdYdkVwNFFmU3lZcXBmYWxUWkplVGxPOVVUWkE?oc=5) · Delawareonline.com
- 2017-06-21 [Sean Hudson Obituary (1983 - 2017) - Milford, DE - The News Journal - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxNQlZEckdwT1dHX3dkVHVZRXVLV0tybXhsdXhYaE9nMjRfVXFxUXFrTjBwWDd2T25sUXVscHBVeTc5cnFDdHRUMk12UGc0QU9qSTVhejZxZXJaWmtsQWZYUVhpM2RTNmtpVmQ4b194ZnZNUVBKYmVfUjB3T3FOOWROWi1yakowN2NNZGxTLWJZQUtkM2c?oc=5) · legacy.com
- 2011-02-09 [Geraldine Johnson Obituary (2011) - Milford, DE - Delaware State News - legacy.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxNNmpnUXNHb2dxMmlDM3VMV3hhX2xEaXl4OVI1cWQ3bnJwdDFwcG1rTEl4UGFyX1VzZS1WWmFOMlZUN1kzbWctUmhTYlJBeUV6dDJZZzYycFp5YTA0bElnbmZmSTFCS2EtV0FDX3pFNmdSOUxBNmlIQXQzejYyQkpIV2JOWVBteU1lU05PZWZnRDRwMlRtZ0EtSDVBS0M?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19170 (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/34.json (key "19170", 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=19170
- 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